Land Securities Group (LON:LAND) Stock Rating Reaffirmed by Numis Securities

Land Securities Group (LON:LAND)‘s stock had its “hold” rating reaffirmed by equities researchers at Numis Securities in a research note issued on Tuesday, Price reports. They presently have a GBX 700 ($9.15) price objective on the stock. Numis Securities’ price objective would suggest a potential downside of 2.67% from the stock’s previous close.

Shares of LAND stock traded up GBX 4.20 ($0.05) during trading hours on Tuesday, hitting GBX 719.20 ($9.40). The company’s stock had a trading volume of 1,395,240 shares, compared to its average volume of 1,859,740. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 50.20. Land Securities Group has a twelve month low of GBX 474.75 ($6.20) and a twelve month high of GBX 755.60 ($9.87). The stock has a market cap of £5.33 billion and a price-to-earnings ratio of -3.50. The business has a fifty day moving average of GBX 717.70 and a 200-day moving average of GBX 672.52.

In related news, insider Mark Allan sold 33,164 shares of the stock in a transaction on Monday, March 22nd. The stock was sold at an average price of GBX 679 ($8.87), for a total transaction of £225,183.56 ($294,203.76).

Land Securities Group Company Profile

At Landsec, we strive to connect communities, realise potential and deliver sustainable places. As one of the largest real estate companies in Europe, our £11.8 billion portfolio spans 24 million sq ft (as at 30 September 2020) of well-connected retail, leisure, workspace and residential hubs. From the iconic Piccadilly Lights in the West End and the regeneration of London's Victoria, to the creation of retail destinations at Westgate Oxford and Trinity Leeds, we own and manage some of the most successful and memorable real estate in the UK.

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Analyst Recommendations for Land Securities Group (LON:LAND)

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