British Land (LON:BLND) Insider Buys 34 Shares

Key Points

• Insider purchase: Simon Carter bought 34 British Land shares at GBX 438 each, investing £148.92. He also made smaller purchases in June and July.
• Stock performance: British Land shares opened at GBX 426.60, with a 52-week range of GBX 318.60 to GBX 451.60 and a market capitalization of approximately £4.37 billion.
• Analyst outlook: Analysts have a consensus “Hold” rating and an average price target of GBX 446.44, with ratings ranging from “Buy” to “Sell.”

British Land Company PLC (LON:BLND - Get Free Report) insider Simon Carter acquired 34 shares of the firm's stock in a transaction on Friday, August 14th. The stock was purchased at an average price of GBX 438 per share, for a total transaction of £148.92.

Simon Carter also recently made the following trade(s):

• On Tuesday, July 14th, Simon Carter bought 36 shares of British Land stock. The shares were acquired at an average cost of GBX 416 per share, with a total value of £149.76.
• On Monday, June 15th, Simon Carter bought 36 shares of British Land stock. The shares were acquired at an average cost of £417.20 per share, with a total value of £15,019.20.

British Land Price Performance

Shares of LON BLND opened at GBX 426.60 on Tuesday. The firm has a 50-day simple moving average of GBX 426.23 and a 200-day simple moving average of GBX 402.10. The stock has a market capitalization of £4.37 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.15 and a debt-to-equity ratio of 52.34. British Land Company PLC has a 52 week low of GBX 318.60 and a 52 week high of GBX 451.60.

British Land (LON:BLND - Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share 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%. On average, equities analysts predict that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on BLND shares. UBS Group reaffirmed a "neutral" rating and issued a GBX 440 target price on shares of British Land in a research report on Monday, May 18th. Jefferies Financial Group reiterated an "underperform" rating and issued a GBX 305 price target on shares of British Land in a research note on Tuesday, June 2nd. Stifel Nicolaus reaffirmed a "hold" rating and set a GBX 410 price target on shares of British Land in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 510 price objective on shares of British Land in a research report on Wednesday, April 22nd. Finally, Shore Capital Group reissued a "hold" rating on shares of British Land in a research report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, British Land presently has an average rating of "Hold" and a consensus target price of GBX 446.44.

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.

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