Jefferies Group Reiterates “Hold” Rating for Land Securities Group (LON:LAND)

Jefferies Group reiterated their hold rating on shares of Land Securities Group (LON:LAND) in a report issued on Wednesday, November 15th, Marketbeat Ratings reports. Jefferies Group currently has a GBX 875 ($11.72) target price on the stock.

A number of other equities research analysts have also recently commented on LAND. Peel Hunt restated an add rating and set a GBX 1,150 ($15.40) target price on shares of Land Securities Group in a research note on Tuesday, November 14th. Liberum Capital restated a hold rating and set a GBX 1,050 ($14.06) target price on shares of Land Securities Group in a research note on Tuesday, September 12th. Deutsche Bank raised their target price on shares of Land Securities Group from GBX 1,000 ($13.39) to GBX 1,050 ($14.06) and gave the stock a hold rating in a research note on Monday, September 11th. cut shares of Land Securities Group to a hold rating and decreased their target price for the stock from GBX 1,210 ($16.20) to GBX 1,081 ($14.48) in a research note on Wednesday, September 6th. Finally, Numis Securities restated a hold rating and set a GBX 1,077 ($14.42) target price on shares of Land Securities Group in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Land Securities Group has a consensus rating of Hold and a consensus price target of GBX 1,095.46 ($14.67).

Land Securities Group (LON LAND) opened at GBX 934.65 ($12.52) on Wednesday. Land Securities Group has a one year low of GBX 912 ($12.21) and a one year high of GBX 1,141 ($15.28).

Land Securities Group (LON:LAND) last issued its quarterly earnings data on Tuesday, November 14th. The company reported GBX 25.70 ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). Land Securities Group had a return on equity of 3.63% and a net margin of 50.86%. The business had revenue of £366 million during the quarter.

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

In other Land Securities Group news, insider Alison J. Carnwath bought 10,050 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was purchased at an average cost of GBX 978 ($13.10) per share, with a total value of £98,289 ($131,631.18). Also, insider Robert Noel bought 18,365 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of GBX 933 ($12.49) per share, with a total value of £171,345.45 ($229,470.27).

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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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