Land Securities Group’s (LAND) “Underweight” Rating Reiterated at Barclays

Land Securities Group (LON:LAND)‘s stock had its “underweight” rating reaffirmed by research analysts at Barclays in a research report issued on Thursday. They currently have a GBX 920 ($12.71) price objective on the stock. Barclays’ price target suggests a potential downside of 0.22% from the stock’s current price.

Several other research firms have also recently weighed in on LAND. Credit Suisse Group cut Land Securities Group to a “neutral” rating and dropped their price objective for the stock from GBX 1,140.74 ($15.76) to GBX 1,035 ($14.30) in a report on Wednesday, December 6th. Liberum Capital restated a “hold” rating and issued a GBX 1,120 ($15.47) target price on shares of Land Securities Group in a research note on Friday, December 15th. Jefferies Group restated a “hold” rating and issued a GBX 875 ($12.09) target price on shares of Land Securities Group in a research note on Wednesday, November 15th. Peel Hunt restated an “add” rating and issued a GBX 1,150 ($15.89) target price on shares of Land Securities Group in a research note on Tuesday, November 14th. Finally, JPMorgan Chase & Co. upgraded Land Securities Group to an “overweight” rating and set a GBX 1,200 ($16.58) target price for the company in a research note on Monday, January 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,046.75 ($14.46).

Shares of Land Securities Group (LON LAND) opened at GBX 922 ($12.74) on Thursday. Land Securities Group has a fifty-two week low of GBX 912 ($12.60) and a fifty-two week high of GBX 1,141 ($15.76). The firm has a market capitalization of $6,840.00 and a P/E ratio of 3,841.67.

In other news, insider Martin F. Greenslade bought 8,000 shares of the stock in a transaction dated Friday, December 1st. The stock was bought at an average price of GBX 924 ($12.77) per share, for a total transaction of £73,920 ($102,127.66).

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Land Securities Group Company Profile

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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