British Land’s (BLND) “Hold” Rating Reiterated at Shore Capital

Shore Capital reiterated their hold rating on shares of British Land (LON:BLND) in a research report report published on Wednesday, Marketbeat reports.

A number of other analysts also recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 506 price target on shares of British Land in a report on Wednesday, November 19th. Peel Hunt restated a “buy” rating and set a GBX 495 target price on shares of British Land in a research note on Wednesday, October 15th. Panmure Gordon restated a “hold” rating and set a GBX 424 price objective on shares of British Land in a research report on Thursday, November 20th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 308 target price on shares of British Land in a report on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, British Land currently has a consensus rating of “Hold” and a consensus price target of GBX 433.25.

British Land Trading Down 0.2%

LON BLND opened at GBX 409.80 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 44.14. British Land has a 52 week low of GBX 318.60 and a 52 week high of GBX 423. The stock has a market capitalization of £4.10 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The firm has a 50 day moving average of GBX 396.66 and a two-hundred day moving average of GBX 370.49.

British Land (LON:BLND) last announced its quarterly earnings data on Wednesday, November 19th. The company reported GBX 15.40 earnings per share for the quarter. British Land had a net margin of 171.35% and a return on equity of 18.53%. As a group, research analysts expect that British Land will post 29.375 EPS for the current fiscal year.

Insider Buying and Selling

In other British Land news, insider Mark Aedy bought 2,475 shares of British Land stock in a transaction dated Monday, January 5th. The stock was acquired at an average cost of GBX 394 per share, with a total value of £9,751.50. Insiders have acquired 2,627 shares of company stock valued at $1,034,254 in the last quarter. Insiders own 0.55% of the company’s stock.

About British Land

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.