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

Shares of Land Securities Group Plc (LON:LAND) hit 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 trading hands. The stock had previously closed at GBX 536.50 ($6.92).

Analyst Upgrades and Downgrades

LAND has been the subject of a number of recent analyst reports. Shore Capital reiterated a “hold” rating on shares of Land Securities Group in a research note on Tuesday, December 17th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 557 ($7.18) price target on shares of Land Securities Group in a research note on Monday. Finally, Berenberg Bank dropped their price objective 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 company has a market capitalization of £3.97 billion, a P/E ratio of -12.44, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The company’s 50-day moving average price is GBX 570.37 and its two-hundred day moving average price is GBX 603.21. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.42 and a quick ratio of 0.54.

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.