Land Securities Group plc (LON:LAND) shares dropped 0% on Friday . The company traded as low as GBX 952.54 ($12.53) and last traded at GBX 937.50 ($12.33). Approximately 2,625,647 shares changed hands during trading, an increase of 14% from the average daily volume of 2,300,000 shares. The stock had previously closed at GBX 937.50 ($12.33).
LAND has been the topic of a number of analyst reports. Numis Securities Ltd reiterated a “hold” rating and set a GBX 1,077 ($14.17) price objective on shares of Land Securities Group plc in a research report on Thursday, October 19th. Liberum Capital upped their price target on shares of Land Securities Group plc from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Beaufort Securities restated a “long term buy” rating and issued a GBX 1,150 ($15.13) price target on shares of Land Securities Group plc in a report on Friday, October 20th. HSBC Holdings plc cut shares of Land Securities Group plc to a “hold” rating and cut their price target for the stock from GBX 1,210 ($15.91) to GBX 1,081 ($14.22) in a report on Wednesday, September 6th. Finally, Deutsche Bank AG upped their price target on shares of Land Securities Group plc from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) and gave the stock a “hold” rating in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 1,109 ($14.59).
In other Land Securities Group plc news, insider Alison J. Carnwath bought 10,050 shares of the company’s stock in a transaction on Monday, September 18th. The shares were bought at an average cost of GBX 978 ($12.86) per share, for a total transaction of £98,289 ($129,276.60).
About Land Securities Group plc
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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