British Land (LON:BLND) Shares Pass Above 200 Day Moving Average – Here’s What Happened

British Land Company PLC (LON:BLND)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 391.04 and traded as high as GBX 395.50. British Land shares last traded at GBX 385.40, with a volume of 1,132,526 shares.

Wall Street Analysts Forecast Growth

BLND has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 410 price objective on shares of British Land in a research note on Tuesday, April 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 531 price objective on shares of British Land in a research note on Tuesday, April 21st. Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 510 price objective on shares of British Land in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group reduced their price objective on British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a research note on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 450.

British Land Trading Down 0.4%

The stock has a market cap of £3.85 billion, a P/E ratio of 8.55, a P/E/G ratio of 6.76 and a beta of 1.16. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 47.52. The company has a 50-day moving average price of GBX 380.03 and a two-hundred day moving average price of GBX 391.26.

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.