Land Securities Group (LON:LAND) Insider Acquires £150.48 in Stock

Land Securities Group Plc (LON:LAND) insider Mark Allan acquired 22 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was bought at an average cost of GBX 684 per share, with a total value of £150.48.

Mark Allan also recently made the following trade(s):

• On Monday, October 5th, Mark Allan bought 24 shares of Land Securities Group stock. The shares were bought at an average cost of GBX 617 per share, for a total transaction of £148.08.
• On Friday, September 4th, Mark Allan bought 23 shares of Land Securities Group stock. The shares were bought at an average cost of GBX 662 per share, for a total transaction of £152.26.

Land Securities Group Stock Performance

LON:LAND traded up GBX 4 during trading hours on Thursday, reaching GBX 687.50. The company had a trading volume of 1,215,744 shares, compared to its average volume of 28,030,270. The business’s 50 day moving average price is GBX 643.42 and its 200-day moving average price is GBX 637.90. Land Securities Group Plc has a 1-year low of GBX 525 and a 1-year high of GBX 726. The firm has a market cap of £5.70 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 12.39 and a beta of 1.15. The company has a debt-to-equity ratio of 68.76, a current ratio of 1.04 and a quick ratio of 0.54.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LAND shares. Berenberg Bank dropped their target price on Land Securities Group from GBX 931 to GBX 863 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price target on Land Securities Group from GBX 730 to GBX 750 and gave the stock a “buy” rating in a research note on Monday, October 5th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 593 target price on shares of Land Securities Group in a research note on Thursday, October 15th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Land Securities Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 654.33.

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.