Land Securities Group (LON:LAND) had its target price reduced by investment analysts at JPMorgan Chase & Co. from GBX 1,120 ($14.63) to GBX 1,050 ($13.72) in a research report issued on Monday, January 21st. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 18.19% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. Liberum Capital decreased their price target on shares of Land Securities Group from GBX 1,125 ($14.70) to GBX 1,000 ($13.07) and set a “buy” rating for the company in a research note on Wednesday, January 9th. AlphaValue cut shares of Land Securities Group to a “reduce” rating in a research note on Friday, December 21st. UBS Group reiterated a “buy” rating and issued a GBX 1,075 ($14.05) price objective (down previously from GBX 1,150 ($15.03)) on shares of Land Securities Group in a research note on Friday, December 14th. Barclays restated an “underweight” rating and set a GBX 790 ($10.32) target price on shares of Land Securities Group in a report on Tuesday, December 11th. Finally, Peel Hunt restated a “hold” rating on shares of Land Securities Group in a report on Friday, December 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 963.25 ($12.59).
Shares of LON LAND traded up GBX 3.40 ($0.04) during mid-day trading on Monday, reaching GBX 888.40 ($11.61). The company had a trading volume of 1,934,427 shares, compared to its average volume of 2,210,000. Land Securities Group has a 52-week low of GBX 900.20 ($11.76) and a 52-week high of GBX 1,141 ($14.91).
Land Securities Group (LON:LAND) last issued its quarterly earnings results on Tuesday, November 13th. The company reported GBX 30.30 ($0.40) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 29.60 ($0.39) by GBX 0.70 ($0.01).
In other Land Securities Group news, insider Scott Parsons sold 113 shares of Land Securities Group stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of GBX 827 ($10.81), for a total transaction of £934.51 ($1,221.10).
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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