Land Securities Group plc with ticker (LON:LAND) now has a potential downside of -1.6% according to Jefferies.
LAND.L
Jefferies set a target price of 550 GBX for the company, which when compared to the Land Securities Group plc share price of 559 GBX at opening today (20/12/2024) indicates a potential downside of -1.6%. Trading has ranged between 557 (52 week low) and 729 (52 week high) with an average of 3,231,321 shares exchanging hands daily. The market capitalisation at the time of writing is £4,182,826,308.
Land Securities Group PLC is a United Kingdom-based real estate company. The Company builds and invests in buildings, spaces, and partnerships to create sustainable places, and connect communities. The Company has a portfolio of retail, leisure, workspace, and residential hubs. Its segments include Central London, Major retail destinations (Major retail), Mixed-use urban neighbourhoods (Mixed-use urban) and Subscale sectors. The Central London segment includes all assets geographically located within central London. The Major retail segment includes all regional shopping centers and shops outside London and its outlets. The Mixed-use urban segment includes its investments in mixed-use urban places. The Subscale sectors segment consists of leisure, and retail parks. Its properties include Mayfield, The O2 Centre, Lewisham Shopping Centre, Dashwood, 30 Eastbourne Terrace, The Zig Zag Building, Gunwharf Quays, Buchanan Galleries, and 30 Eastbourne Terrace, among others.
Land Securities Group plc -1.6% potential downside indicated by Jefferies
- Written by: Charlotte Edwards
Latest Company News
Land Securities Group reported EPRA EPS up 3.2% to 25.8p for H1 2025, driven by 5.2% like-for-like income growth and reduced overheads.
Landsec reported continued strength in trading, with leases signed in major retail averaging 12% above ERV and rental uplifts on renewals up 13% year to date. Retail sales rose 8.3% and footfall 4.9%, both well ahead of national averages.
Landsec has agreed the £245m unconditional sale of its Queen Anne’s Mansions office block in SW1 to Arora Group. The deal, which crystallises redevelopment value and delivers an immediate uplift to return on equity, marks early progress towards Landsec’s plan to release £2bn from offices by 2030.
Land Securities Group Plc (Landsec) reports robust financial results for the year ending March 31, 2025, highlighting significant growth and a strategic path forward.
Landsec announces a 9.5p dividend per share for the fiscal year ending March 2025, paid as a Property Income Distribution on April 11th to eligible shareholders.
Landsec acquires a 92% stake in Liverpool ONE for £490m, aligning with its strategy to expand and enhance top UK retail destinations.
