Berenberg Bank Lowers Land Securities Group (LON:LAND) Price Target to GBX 746

Land Securities Group (LON:LAND) had its price target decreased by Berenberg Bank from GBX 755 ($9.63) to GBX 746 ($9.52) in a note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 25.38% from the stock’s previous close.

Land Securities Group Stock Performance

Shares of LON LAND opened at GBX 595 ($7.59) on Wednesday. The company has a market cap of £4.43 billion, a P/E ratio of -1,383.72, 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 58.63. Land Securities Group has a 12 month low of GBX 567.50 ($7.24) and a 12 month high of GBX 729.40 ($9.31). The business’s 50 day moving average is GBX 621.32 and its two-hundred day moving average is GBX 634.72.

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.