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

Shares of British Land Company PLC (LON:BLND) have earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 446.44.

Several equities analysts recently weighed in on BLND shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 510 price objective on shares of British Land in a report on Wednesday, April 22nd. Shore Capital Group reiterated a “hold” rating on shares of British Land in a report on Tuesday, April 21st. The Goldman Sachs Group cut their target price on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a report on Monday, March 30th. 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, JPMorgan Chase & Co. cut their target price on shares of British Land from GBX 440 to GBX 430 and set a “neutral” rating on the stock in a report on Tuesday.

British Land Trading Up 2.3%

Shares of LON BLND opened at GBX 419.20 on Friday. The company’s 50 day simple moving average is GBX 389.28 and its 200 day simple moving average is GBX 393.02. British Land has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 432. The firm has a market capitalization of £4.29 billion, a P/E ratio of 9.25, a P/E/G ratio of 6.76 and a beta of 1.18. The company has a debt-to-equity ratio of 50.51, a current ratio of 0.15 and a quick ratio of 0.25.

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

Insider Buying and Selling at British Land

In other news, insider Amanda Mackenzie bought 18,853 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of GBX 396 per share, for a total transaction of £74,657.88. Also, insider Raj Shah bought 25,300 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average price of GBX 393 per share, for a total transaction of £99,429. Over the last quarter, insiders acquired 44,354 shares of company stock worth $17,484,125. Company 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.