Shares of Land Securities Group plc (LON:LAND) shot up 0% during mid-day trading on Friday . The stock traded as high as GBX 945.20 ($13.25) and last traded at GBX 936.90 ($13.14). 1,687,980 shares were traded during trading, a decline of 25% from the average session volume of 2,250,000 shares. The stock had previously closed at GBX 936.50 ($13.13).
Several research firms have issued reports on LAND. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,050 ($14.72) price target on shares of Land Securities Group in a research report on Tuesday, November 14th. Peel Hunt reaffirmed a “hold” rating and set a GBX 950 ($13.32) price target on shares of Land Securities Group in a research report on Wednesday, January 17th. Credit Suisse Group lowered shares of Land Securities Group to a “neutral” rating and dropped their price target for the stock from GBX 1,140.74 ($15.99) to GBX 1,035 ($14.51) in a research report on Wednesday, December 6th. Beaufort Securities reissued a “long term buy” rating and issued a GBX 1,150 ($16.12) price objective on shares of Land Securities Group in a research report on Friday, October 20th. Finally, Numis Securities reissued a “hold” rating and issued a GBX 976 ($13.68) price objective on shares of Land Securities Group in a research report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Land Securities Group has a consensus rating of “Hold” and an average price target of GBX 1,059.67 ($14.86).
The stock has a market cap of $6,950.00 and a P/E ratio of 3,903.75.
In other Land Securities Group news, insider Robert Noel purchased 18,365 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of GBX 933 ($13.08) per share, for a total transaction of £171,345.45 ($240,248.81). Also, insider Martin F. Greenslade purchased 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of GBX 924 ($12.96) per share, for a total transaction of £73,920 ($103,645.54).
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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.
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