Land Securities Group plc (LAND) Receives GBX 1,077.58 Average Price Target from Analysts

Shares of Land Securities Group plc (LON:LAND) have been assigned a consensus rating of “Hold” from the twelve analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 1,059.67 ($14.37).

A number of brokerages have recently issued reports on LAND. Goldman Sachs Group restated a “neutral” rating and set a GBX 1,114 ($15.11) price target on shares of Land Securities Group in a report on Wednesday, September 27th. Jefferies Group restated a “hold” rating and set a GBX 875 ($11.87) price target on shares of Land Securities Group in a report on Wednesday, November 15th. Peel Hunt restated an “add” rating and set a GBX 1,150 ($15.60) price target on shares of Land Securities Group in a report on Tuesday, November 14th. Liberum Capital upgraded shares of Land Securities Group to a “buy” rating and raised their price target for the stock from GBX 1,050 ($14.24) to GBX 1,125 ($15.26) in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. upgraded shares of Land Securities Group to an “overweight” rating and set a GBX 1,200 ($16.27) price target for the company in a report on Monday.

In related news, insider Martin F. Greenslade bought 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of GBX 924 ($12.53) per share, for a total transaction of £73,920 ($100,244.10). Also, insider Robert Noel bought 18,365 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average price of GBX 933 ($12.65) per share, with a total value of £171,345.45 ($232,364.32).

Land Securities Group (LON:LAND) traded down GBX 12.60 ($0.17) on Monday, reaching GBX 993 ($13.47). 2,400,000 shares of the company’s stock were exchanged, compared to its average volume of 2,620,000. Land Securities Group has a twelve month low of GBX 912 ($12.37) and a twelve month high of GBX 1,141 ($15.47). The stock has a market cap of $7,360.00 and a price-to-earnings ratio of 4,137.50.

Land Securities Group (LON:LAND) last released its earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). Land Securities Group had a negative return on equity of 0.61% and a negative net margin of 8.59%. The business had revenue of £366 million during the quarter.

The business also recently announced a dividend, which was paid on Friday, January 5th. Investors of record on Thursday, November 30th were issued a GBX 9.85 ($0.13) dividend. The ex-dividend date was Thursday, November 30th. This represents a yield of 1.07%.

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About Land Securities Group

Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.

Analyst Recommendations for Land Securities Group (LON:LAND)

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