Land Securities Group (LON:LAND)‘s stock had its “hold” rating reaffirmed by investment analysts at Peel Hunt in a research report issued on Wednesday. They presently have a GBX 950 ($12.88) target price on the stock. Peel Hunt’s price target indicates a potential downside of 4.69% from the stock’s previous close.
A number of other analysts have also commented on the company. JPMorgan Chase & Co. raised Land Securities Group to an “overweight” rating and set a GBX 1,200 ($16.27) price target for the company in a research note on Monday. Liberum Capital raised Land Securities Group to a “buy” rating and raised their price objective for the company from GBX 1,050 ($14.24) to GBX 1,125 ($15.26) in a research report on Monday, January 8th. Credit Suisse Group lowered Land Securities Group to a “neutral” rating and lowered their price objective for the company from GBX 1,140.74 ($15.47) to GBX 1,035 ($14.04) in a research report on Wednesday, December 6th. Numis Securities reissued a “hold” rating and set a GBX 976 ($13.24) price objective on shares of Land Securities Group in a research report on Thursday, November 30th. Finally, Jefferies Group reissued a “hold” rating and set a GBX 875 ($11.87) price objective on shares of Land Securities Group in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,060.92 ($14.39).
Shares of Land Securities Group (LON LAND) opened at GBX 996.70 ($13.52) on Wednesday. Land Securities Group has a 1 year low of GBX 912 ($12.37) and a 1 year 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.
In related news, insider Martin F. Greenslade purchased 8,000 shares of Land Securities Group stock in a transaction dated Friday, December 1st. The stock was purchased at an average cost 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 Land Securities Group stock in a transaction dated Tuesday, November 14th. The shares were bought at an average price of GBX 933 ($12.65) per share, with a total value of £171,345.45 ($232,364.32).
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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.
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