Land Securities Group (LAND) Lifted to Overweight at JPMorgan Chase & Co.

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.

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

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).

COPYRIGHT VIOLATION WARNING: This article was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://sportsperspectives.com/2018/01/16/land-securities-group-land-lifted-to-overweight-at-jpmorgan-chase-co.html.

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)

Receive News & Ratings for Land Securities Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Land Securities Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply