Land Securities Group (LON:LAND) Sets New 12-Month High – What’s Next?

Land Securities Group Plc (LON:LAND)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 658.50 and last traded at GBX 658.50, with a volume of 5032897 shares changing hands. The stock had previously closed at GBX 648.

Analysts Set New Price Targets

LAND has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued an “underperform” rating and set a GBX 475 target price on shares of Land Securities Group in a report on Monday, November 17th. Peel Hunt decreased their price target on shares of Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Berenberg Bank reduced their price objective on Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. increased their target price on Land Securities Group from GBX 425 to GBX 440 and gave the stock a “neutral” rating in a research note on Thursday, November 27th. Finally, Panmure Gordon upgraded Land Securities Group to a “buy” rating and boosted their price target for the company from GBX 424 to GBX 494 in a research note on Tuesday, December 2nd. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 644.43.

Land Securities Group Stock Up 0.9%

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 stock has a market capitalization of £4.87 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 12.39 and a beta of 1.44. The firm’s fifty day moving average is GBX 615.28 and its 200-day moving average is GBX 598.07.

Land Securities Group (LON:LAND) last issued its earnings results on Friday, November 14th. The company reported GBX 25.80 earnings per share (EPS) for the quarter. Land Securities Group had a negative net margin of 38.71% and a negative return on equity of 4.88%. On average, sell-side analysts predict that Land Securities Group Plc will post 49.8433829 earnings per share for the current year.

Insider Activity at Land Securities Group

In other news, insider Anne Richards acquired 16,497 shares of Land Securities Group stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average cost of GBX 603 per share, for a total transaction of £99,476.91. Also, insider Baroness Casey acquired 500 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was acquired at an average cost of GBX 615 per share, with a total value of £3,075. In the last quarter, insiders bought 17,142 shares of company stock valued at $10,344,848. Insiders own 0.53% of the company’s stock.

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.