Land Securities Group (LON:LAND) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

Land Securities Group Plc (LON:LAND – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 620.93 and traded as high as GBX 672.50. Land Securities Group shares last traded at GBX 672.50, with a volume of 252,414,828 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LAND shares. The Goldman Sachs Group raised Land Securities Group to a “buy” rating and decreased their target price for the company from GBX 710 to GBX 690 in a research note on Monday, March 30th. Berenberg Bank reiterated a “buy” rating and set a GBX 897 price objective on shares of Land Securities Group in a report on Thursday, May 14th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 462 price objective on shares of Land Securities Group in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 730 target price on shares of Land Securities Group in a report on Friday, May 15th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 705 target price on shares of Land Securities Group in a research note on Monday, May 11th. 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 641.33.

View Our Latest Report on LAND

Land Securities Group Stock Performance

The company has a market capitalization of £5.15 billion, a P/E ratio of 15.07, a PEG ratio of 12.39 and a beta of 1.14. The stock’s fifty day moving average price is GBX 631.93 and its 200-day moving average price is GBX 621.41. The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04.

Land Securities Group (LON:LAND – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share for the quarter. Land Securities Group had a return on equity of 5.29% and a net margin of 38.45%.The firm had revenue of £892 million for the quarter. As a group, research analysts anticipate that Land Securities Group Plc will post 49.8433829 EPS for the current fiscal year.

Insider Buying and Selling

In other Land Securities Group news, insider Mark Allan sold 42,500 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 597, for a total value of £253,725. Insiders have acquired 145 shares of company stock worth $89,876 over the last three months. Insiders own 0.53% of the company’s stock.

Land Securities Group Company Profile

(Get Free Report)

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.

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