Land Securities Group (LAND) Receives New Coverage from Analysts at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Land Securities Group (LON:LAND) in a report released on Tuesday. The brokerage issued an outperform rating and a GBX 1,125 ($14.70) price target on the stock.

A number of other brokerages also recently weighed in on LAND. Liberum Capital reaffirmed a buy rating on shares of Land Securities Group in a research report on Friday, February 8th. JPMorgan Chase & Co. reissued an overweight rating on shares of Land Securities Group in a report on Wednesday, November 14th. Credit Suisse Group reissued a neutral rating on shares of Land Securities Group in a report on Wednesday, November 14th. Deutsche Bank lowered their price target on Land Securities Group from GBX 990 ($12.94) to GBX 940 ($12.28) and set a hold rating for the company in a report on Monday, November 26th. Finally, Peel Hunt reissued a hold rating on shares of Land Securities Group in a report on Tuesday, November 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 963.25 ($12.59).

Shares of LAND stock opened at GBX 882.80 ($11.54) on Tuesday. Land Securities Group has a 1-year low of GBX 900.20 ($11.76) and a 1-year high of GBX 1,141 ($14.91).

Land Securities Group (LON:LAND) last issued its quarterly earnings data on Tuesday, November 13th. The company reported GBX 30.30 ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 29.60 ($0.39) by GBX 0.70 ($0.01).

The firm also recently declared a dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 14th will be issued a GBX 11.30 ($0.15) dividend. This represents a yield of 1.27%. The ex-dividend date of this dividend is Thursday, March 14th.

In other news, insider Scott Parsons sold 113 shares of the firm’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of GBX 827 ($10.81), for a total value of £934.51 ($1,221.10).

Land Securities Group Company Profile

At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.

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Analyst Recommendations for Land Securities Group (LON:LAND)

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