Land Securities Group plc (LON:LAND) had its target price increased by equities research analysts at Liberum Capital from GBX 1,000 ($12.98) to GBX 1,050 ($13.63) in a report released on Wednesday, August 2nd, StockTargetPrices.com reports. The brokerage presently has a “hold” rating on the stock. Liberum Capital’s target price would suggest a potential upside of 4.79% from the company’s previous close.
Several other brokerages also recently commented on LAND. Goldman Sachs Group, Inc. (The) reduced their target price on Land Securities Group plc from GBX 1,238 ($16.07) to GBX 1,225 ($15.90) and set a “neutral” rating for the company in a research note on Friday, May 12th. Jefferies Group LLC reiterated a “hold” rating and set a GBX 950 ($12.33) target price on shares of Land Securities Group plc in a research note on Wednesday, April 26th. Peel Hunt reiterated an “add” rating and set a GBX 1,150 ($14.93) target price on shares of Land Securities Group plc in a research note on Thursday, May 18th. J P Morgan Chase & Co downgraded Land Securities Group plc to a “neutral” rating and reduced their target price for the stock from GBX 1,250 ($16.23) to GBX 1,200 ($15.58) in a research note on Friday, May 19th. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 1,025 ($13.31) price target on shares of Land Securities Group plc in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,111.08 ($14.42).
Shares of Land Securities Group plc (LON LAND) traded down 2.05% during midday trading on Wednesday, reaching GBX 1002.00. 1,778,466 shares of the company were exchanged. The firm’s 50 day moving average is GBX 1,015.89 and its 200-day moving average is GBX 1,054.08. The company’s market capitalization is GBX 7.92 billion. Land Securities Group plc has a 52-week low of GBX 933.00 and a 52-week high of GBX 1,141.00.
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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