Land Securities Group (LON:LAND) Earns Overweight Rating from Barclays

Land Securities Group (LON:LANDGet Rating)‘s stock had its “overweight” rating restated by research analysts at Barclays in a report released on Friday, Marketbeat.com reports. They currently have a GBX 780 ($9.42) price target on the stock. Barclays‘s target price points to a potential upside of 40.54% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Royal Bank of Canada lowered Land Securities Group to a “sector perform” rating and decreased their price target for the company from GBX 950 ($11.48) to GBX 675 ($8.16) in a research note on Tuesday, July 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 900 ($10.87) price target on shares of Land Securities Group in a research note on Monday, July 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 806 ($9.74).

Land Securities Group Stock Down 2.6 %

LON:LAND opened at GBX 555 ($6.71) on Friday. The firm has a market capitalization of £4.13 billion and a PE ratio of 476.24. The stock has a 50 day moving average of GBX 677.04 and a 200-day moving average of GBX 719.07. Land Securities Group has a 52 week low of GBX 554.80 ($6.70) and a 52 week high of GBX 822.40 ($9.94). The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 56.98.

Insider Activity

In related news, insider Mark Allan acquired 14,672 shares of the business’s stock in a transaction dated Monday, July 18th. The stock was bought at an average price of GBX 678 ($8.19) per share, for a total transaction of £99,476.16 ($120,198.36).

About Land Securities Group

(Get Rating)

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £11 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.

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Analyst Recommendations for Land Securities Group (LON:LAND)

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