Land Securities Group plc (LAND) Given Consensus Recommendation of “Hold” by Brokerages

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Land Securities Group plc (LON:LAND) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 953.40 ($12.46).

A number of equities research analysts recently commented on LAND shares. Liberum Capital reiterated a “buy” rating on shares of Land Securities Group in a report on Tuesday, November 13th. UBS Group reiterated a “buy” rating and issued a GBX 1,075 ($14.05) price objective (down previously from GBX 1,150 ($15.03)) on shares of Land Securities Group in a report on Friday, December 14th. Peel Hunt reiterated a “hold” rating on shares of Land Securities Group in a report on Friday, December 7th. Deutsche Bank dropped their price objective 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, Credit Suisse Group reiterated a “neutral” rating on shares of Land Securities Group in a report on Wednesday, November 14th.

In other Land Securities Group news, insider Scott Parsons sold 113 shares of the business’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).

LON LAND opened at GBX 875.40 ($11.44) on Tuesday. Land Securities Group has a 12 month low of GBX 900.20 ($11.76) and a 12 month high of GBX 1,141 ($14.91).

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

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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