Insider Buying: British Land (LON:BLND) Insider Buys 41 Shares of Stock

British Land Company PLC (LON:BLND) insider David Walker acquired 41 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average price of GBX 367 per share, with a total value of £150.47.

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

• On Monday, February 16th, David Walker bought 37 shares of British Land stock. The stock was bought at an average price of GBX 406 per share, for a total transaction of £150.22.
• On Wednesday, January 14th, David Walker bought 37 shares of British Land stock. The stock was purchased at an average price of GBX 395 per share, with a total value of £146.15.

British Land Stock Down 1.2%

Shares of BLND stock traded down GBX 4.40 during mid-day trading on Wednesday, hitting GBX 372.20. 17,699,092 shares of the stock traded hands, compared to its average volume of 16,664,979. The stock has a market cap of £3.72 billion, a P/E ratio of 8.25, a P/E/G ratio of 6.76 and a beta of 1.17. The stock’s fifty day moving average is GBX 403.44 and its two-hundred day moving average is GBX 384.31. British Land Company PLC has a 52-week low of GBX 318.60 and a 52-week high of GBX 432. The company has a debt-to-equity ratio of 47.52, a current ratio of 0.28 and a quick ratio of 0.25.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Shore Capital Group reissued a “hold” rating on shares of British Land in a research report on Thursday, January 29th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 424 price target on shares of British Land in a report on Thursday, November 20th. Berenberg Bank increased their price objective on British Land from GBX 506 to GBX 539 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 308 price objective on shares of British Land in a research report on Thursday, November 20th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, British Land 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.