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

Key Points

• British Land has a consensus “Hold” rating among 10 brokerages: five recommend holding, four recommend buying and one rates the stock a sell. The average 12-month price target is GBX 446.44, compared with a recent price of GBX 430.20.
• Recent analyst views remain mixed, with targets ranging from GBX 305 from Jefferies, which rates the stock “underperform,” to GBX 534 from Berenberg, which maintains a “buy” rating.
• Insiders have been net buyers, purchasing 65,478 shares worth approximately £27.9 million over the past 90 days; insiders collectively own 0.52% of the company.

Shares of British Land Company PLC (LON:BLND - Get Free Report) have received a consensus recommendation of "Hold" from the ten research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 446.44.

A number of research firms recently weighed in on BLND. Stifel Nicolaus reaffirmed a "hold" rating and issued a GBX 410 price target on shares of British Land in a report on Wednesday, May 20th. JPMorgan Chase & Co. cut their price objective on British Land from GBX 440 to GBX 430 and set a "neutral" rating for the company in a research report on Tuesday, June 9th. UBS Group reaffirmed a "neutral" rating and set a GBX 440 target price on shares of British Land in a research note on Monday, May 18th. Berenberg Bank increased their target price on British Land from GBX 531 to GBX 534 and gave the company a "buy" rating in a research report on Tuesday, June 2nd. Finally, Jefferies Financial Group reissued an "underperform" rating and issued a GBX 305 price target on shares of British Land in a research note on Tuesday, June 2nd.

Insider Activity at British Land

In related news, insider Simon Carter acquired 36 shares of the firm's stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of £417.20 per share, with a total value of £15,019.20. Also, insider Raj Shah bought 25,300 shares of the company's stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of GBX 393 per share, for a total transaction of £99,429. Over the last ninety days, insiders have purchased 65,478 shares of company stock valued at $27,895,238. Insiders own 0.52% of the company's stock.

British Land Trading Down 0.3%

BLND stock opened at GBX 430.20 on Thursday. The company's 50-day simple moving average is GBX 428.16 and its 200-day simple moving average is GBX 402.55. 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 has a 52-week low of GBX 318.60 and a 52-week high of GBX 451.60. The firm has a market cap of £4.41 billion, a P/E ratio of 9.50, a PEG ratio of 6.76 and a beta of 1.18.

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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