Land Securities Group plc (LON:LAND)‘s stock had its “add” rating restated by research analysts at Peel Hunt in a note issued to investors on Thursday, May 25th. They presently have a GBX 1,150 ($14.65) price target on the stock. Peel Hunt’s price target points to a potential upside of 9.84% from the stock’s current price.
LAND has been the subject of several other reports. Goldman Sachs Group, Inc. (The) raised Land Securities Group plc to a “buy” rating and set a GBX 1,238 ($15.77) target price for the company in a report on Wednesday, January 25th. J P Morgan Chase & Co downgraded Land Securities Group plc to a “neutral” rating and reduced their target price for the company from GBX 1,250 ($15.93) to GBX 1,200 ($15.29) in a report on Friday, May 19th. BNP Paribas reissued an “underperform” rating and issued a GBX 1,100 ($14.01) target price on shares of Land Securities Group plc in a report on Wednesday, January 25th. Jefferies Group LLC restated a “hold” rating and issued a GBX 950 ($12.10) price target on shares of Land Securities Group plc in a research report on Wednesday, April 26th. Finally, Liberum Capital restated a “hold” rating and issued a GBX 950 ($12.10) price target on shares of Land Securities Group plc in a research report on Thursday, May 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Land Securities Group plc presently has a consensus rating of “Hold” and a consensus target price of GBX 1,072.14 ($13.66).
Land Securities Group plc (LON:LAND) traded down 0.95% on Thursday, hitting GBX 1047.00. 2,498,988 shares of the stock traded hands. Land Securities Group plc has a 52 week low of GBX 810.00 and a 52 week high of GBX 1,209.00. The stock’s market cap is GBX 8.27 billion. The firm’s 50 day moving average is GBX 1,087.97 and its 200 day moving average is GBX 1,056.19.
The firm also recently announced a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, September 7th will be given a dividend of GBX 9.85 ($0.13) per share. This represents a yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 7th.
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In other news, insider Nicholas Cadbury purchased 1,900 shares of the firm’s stock in a transaction dated Tuesday, March 28th. The shares were acquired at an average price of GBX 1,039 ($13.24) per share, with a total value of £19,741 ($25,150.97). Also, insider Martin F. Greenslade purchased 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The shares were purchased at an average cost of GBX 1,042 ($13.28) per share, for a total transaction of £62,520 ($79,653.46).
Land Securities Group plc Company Profile
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.
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