Todays Report: The Goldman Sachs Group Inc. Cuts Land Securities Group plc (LAND) Price Target to GBX 1,175

The Goldman Sachs Group Inc. Cuts Land Securities Group plc (LAND) Price Target to GBX 1,175

Land Securities Group plc (LON:LAND) had its price target reduced by research analysts at Goldman Sachs Group Inc. from GBX 1,200 ($14.99) to GBX 1,175 ($14.68) in a research report issued on Wednesday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price objective indicates a potential upside of 21.01% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Peel Hunt lowered shares of Land Securities Group plc to an “add” rating in a research note on Monday, July 25th. Numis Securities Ltd lowered shares of Land Securities Group plc to a “hold” rating and cut their price target for the company from GBX 1,310 ($16.37) to GBX 1,128 ($14.09) in a research note on Tuesday, August 16th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 890 ($11.12) price target on shares of Land Securities Group plc in a research note on Thursday, July 14th. JPMorgan Chase & Co. cut their price target on shares of Land Securities Group plc from GBX 1,450 ($18.12) to GBX 1,325 ($16.55) and set an “overweight” rating on the stock in a research note on Tuesday, September 6th. Finally, HSBC lifted their price target on shares of Land Securities Group plc from GBX 1,078 ($13.47) to GBX 1,210 ($15.12) and gave the company a “buy” rating in a research note on Friday, September 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,156.33 ($14.45).

Land Securities Group plc (LON:LAND) traded up 0.154719% on Wednesday, reaching GBX 969.491943. 955,596 shares of the company were exchanged. The stock has a 50 day moving average of GBX 991.84 and a 200 day moving average of GBX 1,065.10. The firm’s market capitalization is GBX 7.66 billion. Land Securities Group plc has a 12-month low of GBX 810.00 and a 12-month high of GBX 1,253.00.

The business also recently disclosed a dividend, which will be paid on Friday, January 6th. Shareholders of record on Thursday, December 1st will be issued a GBX 8.95 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a dividend yield of 0.89%.

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