Land Securities Group (LON:LAND) Stock Rating Reaffirmed by Peel Hunt
LAND has been the subject of a number of other reports. Liberum Capital restated a buy rating on shares of Land Securities Group in a research report on Tuesday, November 13th. UBS Group restated a buy rating and issued a GBX 1,150 ($15.03) price target (down from GBX 1,240 ($16.20)) on shares of Land Securities Group in a research report on Wednesday, September 5th. Barclays lowered their price target on Land Securities Group from GBX 910 ($11.89) to GBX 790 ($10.32) and set an underweight rating for the company in a research report on Wednesday, November 7th. Credit Suisse Group lowered their price target on Land Securities Group from GBX 1,035 ($13.52) to GBX 1,025 ($13.39) and set a neutral rating for the company in a research report on Monday, October 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Land Securities Group from GBX 1,200 ($15.68) to GBX 1,120 ($14.63) and set an overweight rating for the company in a research report on Thursday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Land Securities Group currently has an average rating of Hold and a consensus price target of GBX 988.92 ($12.92).
Shares of LON LAND traded up GBX 16 ($0.21) during midday trading on Tuesday, reaching GBX 822.40 ($10.75). 2,458,169 shares of the stock traded hands, compared to its average volume of 2,210,000. Land Securities Group has a one year low of GBX 900.20 ($11.76) and a one year high of GBX 1,141 ($14.91).
The company also recently declared a dividend, which will be paid on Friday, January 4th. Stockholders of record on Thursday, November 29th will be paid a dividend of GBX 11.30 ($0.15) per share. The ex-dividend date is Thursday, November 29th. This represents a dividend yield of 1.33%.
About Land Securities Group
At Landsec, we believe great places are for people to experience and are made with the experience of great people. As the UK's largest listed commercial property company, with 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.
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