Land Securities Group (LON:LAND) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Land Securities Group Plc (LON:LAND)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 635.21 and traded as high as GBX 672.50. Land Securities Group shares last traded at GBX 656, with a volume of 3,722,297 shares changing hands.

Wall Street Analysts Forecast Growth

LAND has been the subject of a number of research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 897 price target on shares of Land Securities Group in a research note on Thursday, May 14th. 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. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 462 price target on shares of Land Securities Group in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 730 price objective on shares of Land Securities Group in a research note on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 641.33.

Land Securities Group Stock Performance

The company has a debt-to-equity ratio of 68.76, a current ratio of 1.04 and a quick ratio of 0.54. The stock has a fifty day moving average price of GBX 686.26 and a two-hundred day moving average price of GBX 635.32. The company has a market cap of £4.94 billion, a P/E ratio of 14.44, a PEG ratio of 12.39 and a beta of 1.15.

Insider Buying and Selling

In other Land Securities Group news, insider Mark Allan sold 53,273 shares of Land Securities Group stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total value of £376,107.38. Also, insider Vanessa Simms sold 77,458 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £546,853.48. Insiders have sold 257,194 shares of company stock valued at $181,578,964 over the last 90 days. 0.53% of the stock is currently owned by 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.