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Land Securities Group Plc (LON:LAND) target price raised to 1,210.00GBX, issued a report today by HSBC

Land Securities Group Plc (LON:LAND) had its target price raised to 1,210.00GBX by HSBC in a report released 09/30/2016. The new target price indicates a possible upside of 0.17% based on the company's last closing price.

Previously on 09/13/2016, Deutsche Bank reported on Land Securities Group Plc (LON:LAND) lowered the target price from 1,370.00GBX to 1,000.00GBX. At the time, this indicated a possible downside of -0.07%.

Yesterday Land Securities Group Plc (LON:LAND) traded 1.24% higher at 1,037.50GBX. The company’s 50-day moving average is 1,069.16GBX and its 200-day moving average is 1,095.56GBX. The last closing price is down -3.43% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,719,137 shares of the stock were exchanged, up from an average trading volume of 2,642,250

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Land Securities Group Plc (LON:LAND)

Land Securities Group Plc has a 52 week low of 810.00GBX and a 52 week high of 1,355.00GBX with a P/E ratio of 6.27 The company’s market cap is currently 0 GBX.

In addition to HSBC reporting its target price, a total of 20 brokers have issued a report on the stock. The consensus target price is 1,196.45GBX with 7 brokers rating the stock a strong buy, 9 brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis About Land Securities Group Plc (LON:LAND)

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. The Company's Retail portfolio has a floor space of approximately 17.45 million square feet, which includes over 10 shopping centers, approximately 10 retail parks, over eight standalone leisure assets, and approximately 30 Accor Group hotels in the United Kingdom. The Company's London Portfolio includes all the London offices and central London shops. Its London portfolio has a total floor space of approximately 6.16 million square feet, which includes west end offices, city offices, mid-town offices, inner London offices and central London shops, among others.

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