British Land Company PLC (LON:BLND) Given Average Recommendation of “Hold” by Analysts

Shares of British Land Company PLC (LON:BLND) have been given a consensus rating of “Hold” by the ten brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 446.44.

Several analysts have issued reports on BLND shares. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 410 target price on shares of British Land in a research report on Wednesday, May 20th. Jefferies Financial Group restated an “underperform” rating and set a GBX 305 price objective on shares of British Land in a research note on Tuesday, June 2nd. Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. UBS Group reiterated a “neutral” rating and issued a GBX 440 target price on shares of British Land in a report on Monday, May 18th. Finally, The Goldman Sachs Group decreased their price target on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating for the company in a research report on Monday, March 30th.

Insider Activity

In other news, insider David Walker bought 21,148 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average price of GBX 422 per share, with a total value of £89,244.56. Also, insider Amanda Mackenzie bought 18,853 shares of the stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average price of GBX 396 per share, with a total value of £74,657.88. Over the last three months, insiders purchased 65,456 shares of company stock worth $27,880,407. 0.47% of the stock is currently owned by insiders.

British Land Trading Down 1.2%

LON BLND opened at GBX 420.20 on Wednesday. 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 market capitalization of £4.31 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18. The company’s 50-day simple moving average is GBX 399.37 and its two-hundred day simple moving average is GBX 395.37. British Land has a one year low of GBX 318.60 and a one year high of GBX 432.

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

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.