Land Securities Group plc (LON:LAND) shares were down 0.5% during mid-day trading on Friday . The stock traded as low as GBX 987 ($13.28) and last traded at GBX 987 ($13.28). Approximately 674,167 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 3,340,000 shares. The stock had previously closed at GBX 991.50 ($13.34).
Several research analysts recently issued reports on LAND shares. Peel Hunt reissued an “add” rating and issued a GBX 1,150 ($15.48) price objective on shares of Land Securities Group in a research note on Tuesday, November 14th. Jefferies Group reissued a “hold” rating and issued a GBX 875 ($11.78) price objective on shares of Land Securities Group in a research note on Wednesday, November 15th. Liberum Capital reissued a “hold” rating and issued a GBX 1,050 ($14.13) price objective on shares of Land Securities Group in a research note on Monday, September 18th. Numis Securities reissued a “hold” rating and issued a GBX 1,077 ($14.50) price objective on shares of Land Securities Group in a research note on Monday, September 18th. Finally, Deutsche Bank increased their price objective on Land Securities Group from GBX 1,000 ($13.46) to GBX 1,050 ($14.13) and gave the stock a “hold” rating in a research note on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,092.77 ($14.71).
Land Securities Group (LON:LAND) last posted its earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). The company had revenue of £366 million for the quarter. Land Securities Group had a negative return on equity of 0.61% and a negative net margin of 8.59%.
In other Land Securities Group news, insider Robert Noel acquired 18,365 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of GBX 933 ($12.56) per share, for a total transaction of £171,345.45 ($230,612.99). Also, insider Martin F. Greenslade acquired 8,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of GBX 924 ($12.44) per share, with a total value of £73,920 ($99,488.56).
TRADEMARK VIOLATION NOTICE: This story was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.com-unik.info/2017/12/22/land-securities-group-land-shares-down-0-5-2.html.
Land Securities Group 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.
Receive News & Ratings for Land Securities Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Land Securities Group and related companies with MarketBeat.com's FREE daily email newsletter.