Land Securities Group (LON:LAND) Sets New 52-Week High – What’s Next?

Shares of Land Securities Group Plc (LON:LAND) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 679.50 and last traded at GBX 666, with a volume of 8013127 shares changing hands. The stock had previously closed at GBX 657.

Wall Street Analyst Weigh In

LAND has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 730 price objective on shares of Land Securities Group in a research report on Friday, May 15th. Citigroup lowered their target price on shares of Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. UBS Group reaffirmed a “buy” rating and issued a GBX 705 price target on shares of Land Securities Group in a report on Monday, May 11th. The Goldman Sachs Group raised Land Securities Group to a “buy” rating and reduced their price target for the stock from GBX 710 to GBX 690 in a research report on Monday, March 30th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 462 price objective on shares of Land Securities Group in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 641.33.

Land Securities Group Trading Up 1.4%

The stock has a market cap of £4.96 billion, a price-to-earnings ratio of 14.51, a P/E/G 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. The company’s fifty day moving average price is GBX 604.27 and its 200-day moving average price is GBX 613.24.

Land Securities Group (LON:LAND) last released its earnings results on Thursday, May 14th. The company reported GBX 51.40 EPS for the quarter. The company had revenue of £892 million during the quarter. Land Securities Group had a net margin of 38.45% and a return on equity of 5.29%. On average, research analysts expect that Land Securities Group Plc will post 49.8433829 EPS for the current fiscal year.

Insider Activity

In other news, insider Mark Allan sold 42,500 shares of Land Securities Group stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 597, for a total transaction of £253,725. Insiders have acquired a total of 99 shares of company stock valued at $59,838 over the last three months. Company 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.