British Land Company PLC (LON:BLND) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts give British Land an average rating of “Hold” from six firms (1 sell, 2 hold, 3 buy), with an average 12‑month target price of GBX 447.20.
• Shares recently traded at GBX 356.60, below the analyst target and under both the 50‑day (GBX 395.05) and 200‑day (GBX 385.63) moving averages, with a 12‑month range of GBX 318.60–432.
• Insider Mark Aedy bought 2,475 shares at GBX 394 on Jan 5; insiders have acquired 2,705 shares in the last 90 days but still own just 0.48% of the company.

British Land Company PLC (LON:BLND - Get Free Report) has been assigned an average rating of "Hold" from the six research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 447.20.

A number of brokerages have weighed in on BLND. Berenberg Bank boosted their target price on shares of British Land from GBX 506 to GBX 539 and gave the stock a "buy" rating in a research note on Monday, January 26th. The Goldman Sachs Group decreased their price target on shares of British Land from GBX 510 to GBX 470 and set a "buy" rating on the stock in a research note on Monday. Finally, Shore Capital Group reissued a "hold" rating on shares of British Land in a report on Thursday, January 29th.

British Land Price Performance

Shares of LON:BLND traded up GBX 13.40 on Monday, hitting GBX 356.60. The stock had a trading volume of 3,794,053 shares, compared to its average volume of 14,929,800. The firm's 50 day moving average price is GBX 395.05 and its 200-day moving average price is GBX 385.63. The company has a debt-to-equity ratio of 47.52, a quick ratio of 0.25 and a current ratio of 0.28. British Land has a twelve month low of GBX 318.60 and a twelve month high of GBX 432. The company has a market capitalization of £3.57 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 6.76 and a beta of 1.17.

Insider Activity at British Land

In other news, insider Mark Aedy bought 2,475 shares of the stock in a transaction dated Monday, January 5th. The stock was bought at an average cost of GBX 394 per share, with a total value of £9,751.50. Over the last ninety days, insiders acquired 2,705 shares of company stock valued at $1,064,518. 0.48% of the stock is currently owned by company insiders.

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.

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