Land Securities Group (LON:LAND) Reaches New 52-Week Low – Should You Sell?

Land Securities Group Plc (LON:LAND)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 530 ($6.83) and last traded at GBX 534.50 ($6.89), with a volume of 10009723 shares. The stock had previously closed at GBX 536.50 ($6.92).

Analyst Ratings Changes

LAND has been the topic of a number of recent research reports. Shore Capital reaffirmed a “hold” rating on shares of Land Securities Group in a research report on Tuesday, December 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 557 ($7.18) price target on shares of Land Securities Group in a research report on Monday. Finally, Berenberg Bank lowered their price target on shares of Land Securities Group from GBX 755 ($9.73) to GBX 746 ($9.62) and set a “buy” rating on the stock in a research report on Wednesday, December 4th.

Land Securities Group Price Performance

The stock has a market capitalization of £3.97 billion, a price-to-earnings ratio of -12.44, a P/E/G ratio of 12.39 and a beta of 1.44. The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 59.04. The business’s 50 day simple moving average is GBX 570.37 and its 200-day simple moving average is GBX 603.21.

About Land Securities Group

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.