Land Securities Group plc (LON:LAND) has been given an average rating of “Hold” by the thirteen analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 904.88 ($11.82).
LAND has been the topic of a number of research reports. Barclays cut their target price on shares of BT Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set an “equal weight” rating on the stock in a research note on Friday, May 10th. UBS Group set a $133.00 target price on shares of LHC Group and gave the company a “buy” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. set a $195.00 target price on shares of bluebird bio and gave the company a “buy” rating in a research note on Friday, May 17th. Peel Hunt reissued a “hold” rating and issued a GBX 935 ($12.22) target price (up previously from GBX 920 ($12.02)) on shares of Antofagasta in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada raised their target price on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an “outperform” rating in a research note on Monday, June 24th.
Shares of LAND traded down GBX 2.60 ($0.03) during mid-day trading on Friday, reaching GBX 841 ($10.99). The company had a trading volume of 814,675 shares, compared to its average volume of 2,210,000. The firm has a market capitalization of $6.24 billion and a PE ratio of -52.24. The company’s fifty day simple moving average is GBX 841.44. Land Securities Group has a fifty-two week low of GBX 784.20 ($10.25) and a fifty-two week high of GBX 946.90 ($12.37). The company has a debt-to-equity ratio of 38.12, a quick ratio of 0.35 and a current ratio of 0.42.
The company also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be paid a dividend of GBX 11.60 ($0.15) per share. This represents a yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 5th. Land Securities Group’s dividend payout ratio (DPR) is -2.86%.
In other news, insider Madeleine Cosgrave purchased 4,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were purchased at an average price of GBX 841 ($10.99) per share, with a total value of £39,527 ($51,649.03). Also, insider Nicholas Cadbury purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost 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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