British Land (LON:BLND) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• British Land shares briefly traded above its 200-day moving average, hitting GBX 395.50 (200-day MA GBX 391.04) during the session, though the stock last traded at GBX 385.40 on volume of about 1.13 million shares.
• Analysts are mixed: four Buys, three Holds and one Sell leave a MarketBeat consensus rating of Hold with an average price target of GBX 450.
• Company fundamentals show a market cap of £3.85bn and a low P/E of 8.55, but relatively high leverage and weak liquidity (debt/equity 47.52; current ratio 0.28) despite owning a £13.0bn portfolio (British Land share £8.9bn).

British Land Company PLC (LON:BLND - Get Free Report) shares crossed 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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 510 price target on shares of British Land in a report on Wednesday, April 22nd. Stifel Nicolaus reaffirmed a "hold" rating and set a GBX 410 price target on shares of British Land in a report on Tuesday, April 21st. The Goldman Sachs Group cut their price target on British Land from GBX 510 to GBX 470 and set a "buy" rating on the stock in a report on Monday, March 30th. Jefferies Financial Group reaffirmed an "underperform" rating and set a GBX 310 price target on shares of British Land in a report on Tuesday, April 21st. Finally, Shore Capital Group reaffirmed a "hold" rating on shares of British Land in a report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of GBX 450.

British Land Stock Performance

The stock has a market cap of £3.85 billion, a P/E ratio of 8.55, a PEG ratio of 6.76 and a beta of 1.16. The company has a fifty day moving average of GBX 380.03 and a 200 day moving average of GBX 391.04. The company has a debt-to-equity ratio of 47.52, a current ratio of 0.28 and a quick ratio of 0.25.

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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