British Land (LON:BLND) Receives Buy Rating from Peel Hunt

Key Points

• Peel Hunt has reiterated a "buy" rating for British Land (LON:BLND), setting a price objective of GBX 495, indicating a potential upside of 33.28% from its current stock price.
• The company's shares have traded up 2.4%, reaching GBX 371.40 with a market capitalization of £3.71 billion.
• Insider transactions included the sale of 23,267 shares by David Walker and the purchase of 14,000 shares by Mark Aedy, highlighting insider activity in the firm.

British Land (LON:BLND - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Peel Hunt in a report released on Wednesday,Digital Look reports. They currently have a GBX 495 price objective on the stock. Peel Hunt's price objective suggests a potential upside of 33.28% from the company's current price.

British Land Trading Up 2.4%

LON BLND traded up GBX 8.80 during mid-day trading on Wednesday, reaching GBX 371.40. 9,739,923 shares of the stock were exchanged, compared to its average volume of 10,317,876. The stock has a market cap of £3.71 billion, a P/E ratio of 1,061.14, a P/E/G ratio of 6.76 and a beta of 1.55. The company has a debt-to-equity ratio of 44.14, a current ratio of 0.59 and a quick ratio of 0.25. British Land has a one year low of GBX 318.60 and a one year high of GBX 442. The stock has a 50 day simple moving average of GBX 343.88 and a 200-day simple moving average of GBX 364.63.

Insider Buying and Selling at British Land

In related news, insider David Walker sold 23,267 shares of the stock in a transaction on Monday, July 21st. The shares were sold at an average price of GBX 358, for a total transaction of £83,295.86. Also, insider Mark Aedy purchased 14,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was bought at an average cost of GBX 353 per share, with a total value of £49,420. Insiders have acquired a total of 35,734 shares of company stock valued at $12,488,152 over the last ninety days. Insiders own 0.55% 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.

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