Land Securities Group (LON:LAND) Shares Cross Above 200-Day Moving Average – Here’s Why

Land Securities Group Plc (LON:LAND)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 633.12 and traded as high as GBX 715. Land Securities Group shares last traded at GBX 705, with a volume of 2,256,629 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on LAND. Jefferies Financial Group reissued an “underperform” rating and set a GBX 462 price target on shares of Land Securities Group in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 730 target price on shares of Land Securities Group in a research note on Friday, May 15th. UBS Group reiterated a “buy” rating and set a GBX 705 target price on shares of Land Securities Group in a report on Monday, May 11th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 897 price target on shares of Land Securities Group in a research report on Thursday, May 14th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Land Securities Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 641.33.

Land Securities Group Stock Down 0.8%

The stock has a market cap of £5.07 billion, a PE ratio of 14.83, a PEG 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 has a 50 day moving average price of GBX 676.96 and a two-hundred day moving average price of GBX 633.34.

Insider Transactions at Land Securities Group

In other Land Securities Group news, insider Mark Allan sold 126,463 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £892,828.78. Also, insider Vanessa Simms sold 77,458 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total transaction of £546,853.48. In the last three months, insiders acquired 94 shares of company stock valued at $59,990 and sold 257,194 shares valued at $181,578,964. 0.53% of the stock is currently owned by insiders.

Land Securities Group Company Profile

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.