British Land (LON:BLND) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

British Land Company PLC (LON:BLND) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 393.38 and traded as high as GBX 422.40. British Land shares last traded at GBX 418, with a volume of 660,331,500 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BLND. Berenberg Bank increased their price objective on British Land from GBX 531 to GBX 534 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Stifel Nicolaus reissued a “hold” rating and issued a GBX 410 target price on shares of British Land in a research report on Wednesday, May 20th. UBS Group reaffirmed a “neutral” rating and set a GBX 440 price target on shares of British Land in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 510 price objective on shares of British Land in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 305 price objective on shares of British Land in a report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, British Land currently has an average rating of “Hold” and a consensus target price of GBX 446.44.

British Land Price Performance

The stock has a market capitalization of £4.32 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 6.76 and a beta of 1.18. The company has a debt-to-equity ratio of 52.34, a quick ratio of 0.25 and a current ratio of 0.15. The company has a fifty day simple moving average of GBX 396.56 and a two-hundred day simple moving average of GBX 393.70.

British Land (LON:BLND) last released its earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share (EPS) for the quarter. British Land had a return on equity of 7.73% and a net margin of 86.48%.The company had revenue of £523 million for the quarter. As a group, equities research analysts expect that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Simon Carter bought 36 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of £417.20 per share, with a total value of £15,019.20. Also, insider Raj Shah purchased 25,300 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average cost of GBX 393 per share, with a total value of £99,429. Over the last ninety days, insiders have bought 65,456 shares of company stock valued at $27,880,407. Corporate insiders own 0.47% of the company’s stock.

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.