Land Securities Group (LON:LAND – Get Valuation)The stock had its “overweight” rating restated by Barclays equity researchers in a research report released to clients and investors on Friday, MarketBeat Ratings reports. They currently have a GBX 765 ($9.56) target price on the stock. Barclays’ target price would suggest a potential upside of 2.55% from the current share price.
Other stock analysts have also published research reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a price target of 1,000 GBX ($12.49) on shares of Land Securities Group in a Tuesday, April 12 report. Morgan Stanley reiterated an “equal weight” rating on shares of Land Securities Group in a Friday, Jan. 28, report. Finally, JPMorgan Chase & Co. downgraded Land Securities Group to a “neutral” rating and set a price target of 900 GBX ($11.24) for the company. in a Wednesday, April 13 research report. Four equity research analysts gave the stock a hold rating and five gave the company a buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of 818.75 GBX ($10.23).
LAND shares opened at GBX 746 ($9.32) on Friday. The company’s 50-day simple moving average is 764.06 GBX and its 200-day simple moving average is 756.91 GBX. The company has a debt ratio of 48.27, a current ratio of 0.45 and a quick ratio of 0.38. Land Securities Group has a 1-year low of 644.20 GBX ($8.05) and a 1-year high of 822.40 GBX ($10.27). The company has a market capitalization of £5.53 billion and a P/E ratio of -19.70.
Separately, insider Manjiry Tamhane acquired 4,473 shares of the company in a trade on Thursday, February 17. The shares were purchased at an average cost of 793 GBX ($9.91) per share, with a total value of £35,470.89 ($44,310.92).
About Land Securities Group (Get an evaluation)
At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realize potential. We are one of Europe’s largest property companies, with an £11 billion portfolio of shopping, leisure, work and residential spaces. Landsec is shaping a better future by leading our industry in environmental and social sustainability while delivering value for our shareholders, exceptional experiences for our customers, and positive change for our communities.
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