JPMorgan Chase & Co. upgraded shares of Land Securities Group (LON:LAND) to an overweight rating in a research note released on Monday. JPMorgan Chase & Co. currently has GBX 1,200 ($16.27) target price on the stock.
Several other equities analysts also recently issued reports on the stock. Liberum Capital raised shares of Land Securities Group to a buy rating and lifted their price target for the company from GBX 1,050 ($14.24) to GBX 1,125 ($15.26) in a report on Monday, January 8th. Credit Suisse Group downgraded shares of Land Securities Group to a neutral rating and cut their price target for the company from GBX 1,140.74 ($15.47) to GBX 1,035 ($14.04) in a report on Wednesday, December 6th. Numis Securities reissued a hold rating and set a GBX 976 ($13.24) price target on shares of Land Securities Group in a report on Thursday, November 30th. Jefferies Group reissued 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. Finally, Peel Hunt reaffirmed an add rating and issued a GBX 1,150 ($15.60) target price on shares of Land Securities Group in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Land Securities Group presently has an average rating of Hold and an average target price of GBX 1,077.58 ($14.61).
Shares of Land Securities Group (LON:LAND) traded up GBX 17.60 ($0.24) during mid-day trading on Monday, reaching GBX 996.70 ($13.52). 2,155,956 shares of the company traded hands, compared to its average volume of 2,640,000. Land Securities Group has a 12-month low of GBX 912 ($12.37) and a 12-month high of GBX 1,141 ($15.47). The company has a market cap of $7,400.00 and a P/E ratio of 4,152.92.
The business also recently announced a dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, November 30th were paid a GBX 9.85 ($0.13) dividend. This represents a dividend yield of 1.07%. The ex-dividend date was Thursday, November 30th.
In other Land Securities Group news, insider Martin F. Greenslade purchased 8,000 shares of the stock in a transaction dated Friday, December 1st. The stock was bought 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 purchased 18,365 shares of the stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average price of GBX 933 ($12.65) per share, with a total value of £171,345.45 ($232,364.32).
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.
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