Land Securities Group (LON:LAND) had its target price lowered by JPMorgan Chase & Co. from GBX 1,050 ($13.72) to GBX 1,000 ($13.07) in a research report report published on Friday, ThisIsMoney.Co.Uk reports. The firm currently has an overweight rating on the stock.
LAND has been the subject of a number of other research reports. Goldman Sachs Group upgraded shares of Land Securities Group to a neutral rating and decreased their target price for the company from GBX 788 ($10.30) to GBX 769 ($10.05) in a research report on Friday, January 25th. Liberum Capital reiterated a buy rating on shares of Land Securities Group in a research report on Tuesday, March 12th. Morgan Stanley increased their target price 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 research report on Thursday, March 14th. Citigroup lowered shares of Land Securities Group to a sell rating and decreased their target price for the company from GBX 974 ($12.73) to GBX 743 ($9.71) in a research report on Friday, January 25th. Finally, Peel Hunt reiterated a hold rating on shares of Land Securities Group in a research report on Tuesday, February 19th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 914.25 ($11.95).
Shares of LAND opened at GBX 887 ($11.59) on Friday. The stock has a market capitalization of $6.55 billion and a P/E ratio of -55.09. The company has a debt-to-equity ratio of 38.12, a current ratio of 0.43 and a quick ratio of 0.37. Land Securities Group has a 52-week low of GBX 784.20 ($10.25) and a 52-week high of GBX 967.10 ($12.64).
In other Land Securities Group news, insider Nicholas Cadbury acquired 3,000 shares of Land Securities Group stock in a transaction dated Tuesday, May 14th. The stock was bought at an average price of GBX 888 ($11.60) per share, for a total transaction of £26,640 ($34,809.88).
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.
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