Land Securities Group plc (LON:LAND)’s share price traded down 1.2% on Wednesday . The stock traded as low as GBX 988.50 ($12.77) and last traded at GBX 988.50 ($12.77). 1,629,164 shares traded hands during trading, a decline of 12% from the average session volume of 1,840,960 shares. The stock had previously closed at GBX 1,001 ($12.93).
LAND has been the topic of several analyst reports. HSBC Holdings plc cut shares of Land Securities Group plc to a “hold” rating and decreased their price target for the stock from GBX 1,210 ($15.63) to GBX 1,081 ($13.96) in a research note on Wednesday, September 6th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,077 ($13.91) price target on shares of Land Securities Group plc in a research note on Tuesday, September 5th. Peel Hunt reaffirmed an “add” rating and set a GBX 1,150 ($14.85) price target on shares of Land Securities Group plc in a research note on Thursday, May 18th. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,000 ($12.91) price target on shares of Land Securities Group plc in a research note on Thursday, July 27th. Finally, J P Morgan Chase & Co cut shares of Land Securities Group plc to a “neutral” rating and decreased their price target for the stock from GBX 1,250 ($16.14) to GBX 1,200 ($15.50) in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,113.62 ($14.38).
The stock has a 50 day moving average of GBX 1,008.35 and a 200-day moving average of GBX 1,050.52. The company’s market cap is GBX 7.81 billion.
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 the 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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