JPMorgan Chase & Co. Issues Positive Forecast for Land Securities Group (LON:LAND) Stock Price

Land Securities Group (LON:LAND) had its price target upped by JPMorgan Chase & Co. from GBX 425 to GBX 440 in a report released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued reports about the company. Peel Hunt reissued a “buy” rating and set a GBX 760 price target on shares of Land Securities Group in a research report on Tuesday, September 30th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 475 target price on shares of Land Securities Group in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating for the company in a research report on Friday, November 14th. UBS Group restated a “buy” rating and set a GBX 725 price target on shares of Land Securities Group in a report on Friday, November 7th. Finally, Shore Capital reiterated a “hold” rating on shares of Land Securities Group in a research note on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 646.

Land Securities Group Price Performance

Shares of LAND stock remained flat at GBX 605 during trading hours on Thursday. 3,836,970 shares of the stock were exchanged, compared to its average volume of 12,829,573. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.42 and a quick ratio of 0.54. The firm has a market capitalization of £4.51 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 12.39 and a beta of 1.44. Land Securities Group has a twelve month low of GBX 490.20 and a twelve month high of GBX 652.50. The firm has a fifty day moving average of GBX 610.08 and a two-hundred day moving average of GBX 597.17.

Land Securities Group (LON:LAND) last posted its quarterly earnings data on Friday, November 14th. The company reported GBX 25.80 earnings per share for the quarter. Land Securities Group had a negative net margin of 38.71% and a negative return on equity of 4.88%. Research analysts expect that Land Securities Group will post 49.8433829 earnings per share for the current fiscal year.

Insider Activity

In other Land Securities Group news, insider Baroness Casey acquired 500 shares of Land Securities Group stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average price of GBX 615 per share, with a total value of £3,075. Over the last three months, insiders have acquired 655 shares of company stock valued at $397,676. 0.53% of the stock is currently owned by insiders.

About Land Securities Group

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.