Land Securities Group plc (LON:LAND)‘s stock had its “underperform” rating reissued by investment analysts at BNP Paribas in a research note issued to investors on Monday. They presently have a GBX 970 ($12.66) price target on the stock. BNP Paribas’ target price points to a potential downside of 8.32% from the stock’s current price.
A number of other equities analysts have also commented on the company. Peel Hunt lowered Land Securities Group plc to an “add” rating in a research note on Monday, July 25th. Deutsche Bank AG dropped their price objective on Land Securities Group plc from GBX 1,450 ($18.93) to GBX 1,370 ($17.88) and set a “buy” rating on the stock in a research note on Friday, June 24th. HSBC lifted their price objective on Land Securities Group plc from GBX 1,078 ($14.07) to GBX 1,210 ($15.79) and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley lifted their price objective on Land Securities Group plc from GBX 960 ($12.53) to GBX 1,080 ($14.10) and gave the stock an “equal weight” rating in a research note on Wednesday, August 31st. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 975 ($12.73) price objective on shares of Land Securities Group plc in a research note on Friday, August 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,189.05 ($15.52).
Shares of Land Securities Group plc (LON:LAND) opened at 1053.00 on Monday. The stock’s 50 day moving average price is GBX 1,069.16 and its 200-day moving average price is GBX 1,095.56. Land Securities Group plc has a 12 month low of GBX 810.00 and a 12 month high of GBX 1,355.00. The firm’s market capitalization is GBX 8.31 billion.
In other Land Securities Group plc news, insider Noel,Robert sold 13,939 shares of Land Securities Group plc stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of GBX 962 ($12.56), for a total transaction of £134,093.18 ($175,033.52).
Land Securities Group plc Company Profile
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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