Land Securities Group (LAND) Given “Hold” Rating at Peel Hunt

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.

Land Securities Group (LON:LAND) last issued its 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 return on equity of 0.61% and a negative net margin of 8.59%. The firm had revenue of £366 million during the quarter.

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.

Analyst Recommendations for Land Securities Group (LON:LAND)

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