Land Securities Group (LON:LAND) Rating Reiterated by Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Land Securities Group (LON:LAND) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently commented on the company. Citigroup reaffirmed a sell rating and set a GBX 739 ($9.66) price objective on shares of Land Securities Group in a research note on Thursday, November 7th. Liberum Capital reiterated a hold rating on shares of Land Securities Group in a report on Friday, November 22nd. HSBC lowered Land Securities Group to a hold rating and cut their target price for the company from GBX 947 ($12.37) to GBX 897 ($11.72) in a research note on Thursday, November 14th. Morgan Stanley upgraded Land Securities Group to an overweight rating in a report on Thursday, November 28th. Finally, Jefferies Financial Group lowered Land Securities Group to an underperform rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 834.15 ($10.90).

LAND stock opened at GBX 944.60 ($12.34) on Tuesday. The business’s fifty day moving average is GBX 929.22 and its 200-day moving average is GBX 852.38. The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 39.62. The company has a market cap of $6.97 billion and a P/E ratio of -22.71. Land Securities Group has a twelve month low of GBX 473.27 ($6.18) and a twelve month high of GBX 983.20 ($12.85).

The firm also recently disclosed a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 28th will be paid a dividend of GBX 11.60 ($0.15) per share. This represents a yield of 1.3%. The ex-dividend date of this dividend is Thursday, November 28th. Land Securities Group’s payout ratio is presently -1.11%.

In other Land Securities Group news, insider Robert Noel sold 203,070 shares of Land Securities Group stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of GBX 946 ($12.36), for a total transaction of £1,921,042.20 ($2,510,181.89).

Land Securities Group Company Profile

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.

Further Reading: Cost of Capital Explained

Analyst Recommendations for Land Securities Group (LON:LAND)

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