Insider Buying: British Land (LON:BLND) Insider Acquires 37 Shares of Stock

British Land Company PLC (LON:BLND) insider David Walker purchased 37 shares of the stock in a transaction dated Monday, February 16th. The stock was bought at an average cost of GBX 406 per share, with a total value of £150.22.

David Walker also recently made the following trade(s):

• On Wednesday, January 14th, David Walker purchased 37 shares of British Land stock. The stock was purchased at an average price of GBX 395 per share, for a total transaction of £146.15.

British Land Trading Up 1.8%

LON BLND traded up GBX 7.40 during trading on Tuesday, reaching GBX 412.40. 259,671,516 shares of the stock traded hands, compared to its average volume of 31,959,012. The firm has a market cap of £4.12 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The stock’s 50-day moving average price is GBX 403.27 and its 200 day moving average price is GBX 377.40. 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 Company PLC has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 432.

British Land (LON:BLND) last posted its earnings results 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%. Analysts predict that British Land Company PLC will post 29.375 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BLND shares. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 308 target price on shares of British Land in a research note on Thursday, November 20th. Berenberg Bank boosted their price objective on British Land from GBX 506 to GBX 539 and gave the company a “buy” rating in a research report on Monday, January 26th. Shore Capital Group reissued a “hold” rating on shares of British Land in a research note on Thursday, January 29th. Finally, Panmure Gordon reaffirmed a “hold” rating and issued a GBX 424 price target on shares of British Land in a research note on Thursday, November 20th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, British Land currently has an average rating of “Hold” and a consensus price target of GBX 441.50.

British Land Company Profile

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.