Key Points
- Insider Mark Allan sold 16,800 Land Securities shares at an average GBX 701, for proceeds of £117,768. He had made several small share purchases in recent months.
- For the quarter, Land Securities reported earnings of GBX 25.90 per share and revenue of £443 million; analysts expect full-year earnings of GBX 49.84 per share.
- Analysts have a consensus “Moderate Buy” rating, based on six Buy and three Hold ratings, with an average price target of GBX 654.33.
Land Securities Group Plc (LON:LAND - Get Free Report) insider Mark Allan sold 16,800 shares of the stock in a transaction dated Friday, November 13th. The stock was sold at an average price of GBX 701, for a total transaction of £117,768.
Mark Allan also recently made the following trade(s):
- On Wednesday, November 4th, Mark Allan acquired 22 shares of Land Securities Group stock. The stock was bought at an average price of GBX 684 per share, with a total value of £150.48.
- On Monday, October 5th, Mark Allan bought 24 shares of Land Securities Group stock. The stock was bought at an average cost of GBX 617 per share, for a total transaction of £148.08.
- On Friday, September 4th, Mark Allan bought 23 shares of Land Securities Group stock. The stock was bought at an average cost of GBX 662 per share, for a total transaction of £152.26.
Land Securities Group Stock Performance
LAND opened at GBX 702 on Friday. Land Securities Group Plc has a 52-week low of GBX 525 and a 52-week high of GBX 726. The firm has a market capitalization of £5.82 billion, a PE ratio of 15.29, a PEG ratio of 12.39 and a beta of 1.15. The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04. The business's 50-day simple moving average is GBX 644.43 and its 200 day simple moving average is GBX 639.35.
Land Securities Group (LON:LAND - Get Free Report) last posted its quarterly earnings results on Friday, November 13th. The company reported GBX 25.90 earnings per share for the quarter. The firm had revenue of £443 million during the quarter. Land Securities Group had a return on equity of 5.29% and a net margin of 38.45%. As a group, sell-side analysts expect that Land Securities Group Plc will post 49.84 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on LAND. Berenberg Bank dropped their price objective on Land Securities Group from GBX 931 to GBX 863 and set a "buy" rating on the stock in a research note on Wednesday, October 14th. Jefferies Financial Group reissued a "hold" rating and issued a GBX 593 target price on shares of Land Securities Group in a research note on Thursday, October 15th. Finally, Deutsche Bank boosted their target price on shares of Land Securities Group from GBX 730 to GBX 750 and gave the stock a "buy" rating in a report on Monday, October 5th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of GBX 654.33.
Check Out Our Latest Stock Report on Land Securities Group
About Land Securities Group
(
Get Free Report)
At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.
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