Land Securities Group plc with ticker (LON:LAND) now has a potential upside of 17.7% according to Berenberg Bank.
Berenberg Bank set a target price of 807 GBX for the company, which when compared to the Land Securities Group plc share price of 686 GBX at opening today (12/01/2024) indicates a potential upside of 17.7%. Trading has ranged between 551 (52 week low) and 743 (52 week high) with an average of 2,087,964 shares exchanging hands daily. The market capitalisation at the time of writing is £5,115,702,509.
Land Securities Group PLC is a United Kingdom-based real estate company. The Company has approximately 24.0 million square feet of retail, leisure, workspace, and residential hubs. It operates through four segments: 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 is engaged in capital investment. The Subscale sectors segment consists of leisure and hotel assets and retail parks. The Company’s properties include White Rose Centre, Leeds; Novotel Glasgow Centre, Glasgow; Xscape Yorkshire, Castleford; Parrswood Leisure Park, Manchester; Novotel Sheffield Centre, Sheffield; Ravenside Retail Park, Chesterfield; Queens Link Leisure Park, Aberdeen, and Fountain Park, Edinburgh.
Land Securities Group plc 17.7% potential upside indicated by Berenberg Bank
- 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.
