Peel Hunt Reaffirms Hold Rating for Land Securities Group (LON:LAND)

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Peel Hunt restated their hold rating on shares of Land Securities Group (LON:LAND) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

LAND has been the subject of a number of other research reports. Goldman Sachs Group upgraded to a buy rating and set a GBX 1,180 ($15.42) price target for the company in a report on Tuesday, June 4th. Liberum Capital decreased their price target on Ab Dynamics from GBX 2,645 ($34.56) to GBX 2,625 ($34.30) and set a buy rating for the company in a report on Monday, May 20th. JPMorgan Chase & Co. set a $195.00 price target on bluebird bio and gave the stock a buy rating in a report on Friday, May 17th. Royal Bank of Canada increased their target price on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an outperform rating in a research note on Monday, June 24th. Finally, Numis Securities reduced their target price on Lekoil from GBX 40 ($0.52) to GBX 22 ($0.29) and set a buy rating for the company in a research note on Tuesday, May 14th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 941.73 ($12.31).

LON LAND opened at GBX 842 ($11.00) on Tuesday. The stock has a market cap of $6.22 billion and a PE ratio of -52.30. Land Securities Group has a fifty-two week low of GBX 784.20 ($10.25) and a fifty-two week high of GBX 957.20 ($12.51). The business has a 50 day moving average of GBX 838.82. The company has a debt-to-equity ratio of 38.12, a quick ratio of 0.35 and a current ratio of 0.42.

The business also recently announced a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 5th will be given a GBX 11.60 ($0.15) dividend. This represents a yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 5th. Land Securities Group’s dividend payout ratio is presently -2.86%.

In other Land Securities Group news, insider Madeleine Cosgrave purchased 4,700 shares of the stock in a transaction dated Wednesday, June 12th. The shares were bought at an average cost of GBX 841 ($10.99) per share, with a total value of £39,527 ($51,649.03). Also, insider Nicholas Cadbury purchased 3,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average cost of GBX 888 ($11.60) per share, for a total transaction of £26,640 ($34,809.88).

Land Securities Group Company Profile

At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.

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Analyst Recommendations for Land Securities Group (LON:LAND)

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