Land Securities Group (LON:LAND) Insider Mark Allan Purchases 23 Shares of Stock

Land Securities Group Plc (LON:LAND) insider Mark Allan bought 23 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were bought at an average price of GBX 653 per share, for a total transaction of £150.19.

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

• On Thursday, June 4th, Mark Allan purchased 24 shares of Land Securities Group stock. The stock was bought at an average price of GBX 624 per share, with a total value of £149.76.
• On Tuesday, May 19th, Mark Allan sold 42,500 shares of Land Securities Group stock. The shares were sold at an average price of GBX 597, for a total transaction of £253,725.
• On Tuesday, May 5th, Mark Allan acquired 25 shares of Land Securities Group stock. The shares were bought at an average cost of GBX 586 per share, for a total transaction of £146.50.

Land Securities Group Price Performance

Land Securities Group stock traded up GBX 11.10 during trading hours on Tuesday, hitting GBX 666.10. The stock had a trading volume of 108,616,227 shares, compared to its average volume of 36,781,988. The stock has a market capitalization of £4.96 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 12.39 and a beta of 1.14. The company has a debt-to-equity ratio of 68.76, a current ratio of 1.04 and a quick ratio of 0.54. Land Securities Group Plc has a 1-year low of GBX 522.50 and a 1-year high of GBX 679.50. The stock’s fifty day moving average is GBX 621.62 and its two-hundred day moving average is GBX 618.38.

Land Securities Group (LON:LAND) last posted its earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share 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 during the quarter. As a group, analysts predict that Land Securities Group Plc will post 49.8433829 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LAND. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 730 price target on shares of Land Securities Group in a research report on Friday, May 15th. The Goldman Sachs Group upgraded Land Securities Group to a “buy” rating and lowered their price target for the company from GBX 710 to GBX 690 in a research report on Monday, March 30th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 462 target price on shares of Land Securities Group in a research note on Friday, May 15th. Berenberg Bank restated a “buy” rating and set a GBX 897 price objective on shares of Land Securities Group in a research report on Thursday, May 14th. Finally, Citigroup cut their price objective on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. 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, Land Securities Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 641.33.

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.