Land Securities Group (LON:LAND) had its target price lowered by Barclays from GBX 790 ($10.32) to GBX 755 ($9.87) in a research note issued to investors on Friday, Digital Look reports. The brokerage currently has an underweight rating on the stock.
A number of other research firms have also issued reports on LAND. Liberum Capital reaffirmed a buy rating on shares of Land Securities Group in a research report on Friday, February 8th. Deutsche Bank raised Land Securities Group to a buy rating and increased their price target for the company from GBX 940 ($12.28) to GBX 1,020 ($13.33) in a research report on Wednesday, April 24th. Morgan Stanley increased their price target on Land Securities Group from GBX 970 ($12.67) to GBX 990 ($12.94) and gave the company an equal weight rating in a research report on Thursday, March 14th. Peel Hunt reaffirmed a hold rating on shares of Land Securities Group in a research report on Tuesday, February 26th. Finally, Goldman Sachs Group raised Land Securities Group to a neutral rating and reduced their price target for the company from GBX 788 ($10.30) to GBX 769 ($10.05) in a research report on Friday, January 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Land Securities Group has a consensus rating of Hold and an average target price of GBX 962.83 ($12.58).
LAND opened at GBX 892.20 ($11.66) on Friday. Land Securities Group has a 12-month low of GBX 784.20 ($10.25) and a 12-month high of GBX 985.50 ($12.88). The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 36.38. The stock has a market cap of $6.60 billion and a P/E ratio of -28.32.
At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.
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