Land Securities Group (LAND) Earns “Hold” Rating from Peel Hunt

Peel Hunt restated their hold rating on shares of Land Securities Group (LON:LAND) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Several other brokerages also recently commented on LAND. Deutsche Bank raised shares of Land Securities Group to a buy rating and lifted their target price for the stock from GBX 940 ($12.28) to GBX 1,020 ($13.33) in a research note on Wednesday, April 24th. UBS Group reaffirmed a buy rating on shares of Land Securities Group in a research note on Friday, May 10th. Liberum Capital reaffirmed a buy rating on shares of Land Securities Group in a research note on Tuesday, March 12th. Barclays cut their price target on shares of Land Securities Group from GBX 790 ($10.32) to GBX 755 ($9.87) and set an underweight rating on the stock in a report on Friday, May 10th. Finally, Morgan Stanley lifted their price target on shares of Land Securities Group from GBX 970 ($12.67) to GBX 990 ($12.94) and gave the company an equal weight rating in a report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 914.25 ($11.95).

Shares of LON LAND opened at GBX 884.20 ($11.55) on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 36.38. Land Securities Group has a 52 week low of GBX 784.20 ($10.25) and a 52 week high of GBX 985.50 ($12.88). The firm has a market capitalization of $6.56 billion and a P/E ratio of -28.07.



The business also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be issued a GBX 11.60 ($0.15) dividend. This represents a yield of 1.32%. The ex-dividend date is Thursday, September 5th. Land Securities Group’s dividend payout ratio (DPR) is currently -1.43%.

In related news, insider Nicholas Cadbury purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average price of GBX 888 ($11.60) per share, for a total transaction of £26,640 ($34,809.88).

About Land Securities Group

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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Analyst Recommendations for Land Securities Group (LON:LAND)

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