Shares of Land Securities Group plc (LON: LAND) earned a consensus rating of “Buy” from the eight analysts who currently cover the company, Marketbeat.com reports. Three equity research analysts rated the stock with a hold rating and five gave the company a buy rating. The 1-year average target price among analysts who have covered the stock over the past year is 770.83 GBX ($10.40).
Several brokerages have recently weighed in on LAND. Liberum Capital restated a “buy” rating and set a target price of 825 GBX ($11.13) on Land Securities Group shares in a Friday, October 22 research note. Morgan Stanley reiterated an “equal weight” rating on shares of Land Securities Group in a research note on Friday. JPMorgan Chase & Co. raised its price target on Land Securities Group from GBX 850 ($11.47) to GBX 900 ($12.14) and gave the company an ‘overweight’ rating in a research note Friday, November 19. Finally, Barclays restated an “overweight” rating and set a target price of 690 GBX ($9.31) on Land Securities Group shares in a Friday, November 12 research note.
Shares of LAND fell 5.20 GBX ($0.07) during Friday trading hours, hitting 786.40 GBX ($10.61). 3,100,266 shares of the company were traded, against an average volume of 2,335,692. The company has a market capitalization of £5.83 billion and a PE ratio of -20.59. The company’s 50-day moving average is 764.75 GBX and its 200-day moving average is 725.21 GBX. Land Securities Group has a 52-week low of 604.40 GBX ($8.15) and a 52-week high of 822.40 GBX ($11.10). The company has a debt ratio of 48.27, a quick ratio of 0.38 and a current ratio of 0.45.
The company also recently announced a dividend, which was paid on Tuesday, January 4. Shareholders of record on Thursday, November 25 received a dividend of 8.50 GBX ($0.11). The ex-dividend date was Thursday, November 25. This is a boost from Land Securities Group’s previous dividend of $7.00. This represents a dividend yield of 1.2%. Land Securities Group’s dividend payout rate is currently -0.89%.
In related news, insider Vanessa Simms sold 42,989 shares of the company in a trade on Tuesday, December 14. The stock was sold at an average price of 749 GBX ($10.11), for a total transaction of £321,987.61 ($434,413.94).
Land Securities Group Company Profile
At Landsec, we strive to connect communities, realize potential and deliver sustainable places. As one of Europe’s largest property companies, our £11.8 billion portfolio spans 24 million square feet (as of September 30, 2020) of retail, leisure, work and residential well connected. From the iconic Piccadilly Lights in the West End to the regeneration of Victoria in London, to the creation of retail destinations in Westgate Oxford and Trinity Leeds, we own and manage some of the UK’s most successful and memorable real estate. .
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