Land Securities Group (LON:LAND) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Land Securities Group Plc (LON:LAND)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 611.68 and traded as high as GBX 642. Land Securities Group shares last traded at GBX 630.50, with a volume of 2,551,460 shares trading hands.

Wall Street Analyst Weigh In

LAND has been the subject of several recent research reports. UBS Group reaffirmed a “buy” rating and set a GBX 705 target price on shares of Land Securities Group in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 730 target price on shares of Land Securities Group in a report on Friday, May 15th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 897 target price on shares of Land Securities Group in a report on Thursday, May 14th. The Goldman Sachs Group raised shares of Land Securities Group to a “buy” rating and cut their target price for the company from GBX 710 to GBX 690 in a report on Monday, March 30th. Finally, Citigroup dropped their price target on shares of Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 641.33.

Land Securities Group Stock Up 0.5%

The business’s 50 day moving average is GBX 592.04 and its 200-day moving average is GBX 611.45. The stock has a market cap of £4.65 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 12.39 and a beta of 1.13. The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04.

Land Securities Group (LON:LAND) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share (EPS) for the quarter. Land Securities Group had a net margin of 38.45% and a return on equity of 5.29%. The firm had revenue of £892 million for the quarter. On average, sell-side analysts predict that Land Securities Group Plc will post 49.8433829 EPS for the current fiscal year.

Insider Transactions at Land Securities Group

In other Land Securities Group news, insider Mark Allan sold 42,500 shares of Land Securities Group stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 597, for a total transaction of £253,725. 0.53% of the stock is currently owned by company insiders.

Land Securities Group Company Profile

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.