Land Securities Group (LON:LAND) Hits New 1-Year Low at $750.00

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Land Securities Group plc (LON:LAND)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 750 ($9.80) and last traded at GBX 751 ($9.81), with a volume of 162485 shares. The stock had previously closed at GBX 755.40 ($9.87).

A number of equities research analysts have issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Land Securities Group in a report on Friday, May 10th. Numis Securities reduced their target price on shares of Land Securities Group from GBX 1,000 ($13.07) to GBX 894 ($11.68) and set a “hold” rating on the stock in a report on Tuesday, May 14th. Peel Hunt reiterated a “hold” rating on shares of Land Securities Group in a report on Friday, August 9th. Deutsche Bank reiterated a “buy” rating on shares of Land Securities Group in a report on Friday, July 12th. Finally, Barclays reduced their target price on shares of Land Securities Group from GBX 790 ($10.32) to GBX 755 ($9.87) and set an “underweight” rating on the stock in a report on Friday, May 10th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 941.73 ($12.31).

The stock’s fifty day moving average price is GBX 820.24 and its two-hundred day moving average price is GBX 870. The firm has a market capitalization of $5.45 billion and a price-to-earnings ratio of -45.68. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 38.12.

In other news, insider Madeleine Cosgrave acquired 4,700 shares of Land Securities Group stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of GBX 841 ($10.99) per share, for a total transaction of £39,527 ($51,649.03).

About Land Securities Group (LON:LAND)

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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