Insider Buying: British Land (LON:BLND) Insider Buys 41 Shares of Stock

Key Points

• Simon Carter, an insider of British Land Company PLC, purchased 41 shares at an average price of GBX 365 each, totaling £149.65 on October 14th.
• British Land's stock has seen a slight decline of 0.1%, with a current market cap of £3.71 billion and a P/E ratio of 1,060.57.
• Analysts maintain a Moderate Buy rating for British Land, with a target price set by Peel Hunt at GBX 495, while the average price target is GBX 487.50.

British Land Company PLC (LON:BLND - Get Free Report) insider Simon Carter acquired 41 shares of the company's stock in a transaction on Tuesday, October 14th. The stock was bought at an average cost of GBX 365 per share, with a total value of £149.65.

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

• On Monday, September 15th, Simon Carter acquired 44 shares of British Land stock. The shares were purchased at an average price of GBX 336 per share, with a total value of £147.84.
• On Thursday, August 14th, Simon Carter purchased 44 shares of British Land stock. The stock was acquired at an average price of GBX 344 per share, for a total transaction of £151.36.
• On Monday, July 21st, Simon Carter sold 96,808 shares of British Land stock. The shares were sold at an average price of GBX 358, for a total value of £346,572.64.

British Land Stock Down 0.1%

BLND stock opened at GBX 371.20 on Thursday. The stock has a market capitalization of £3.71 billion, a P/E ratio of 1,060.57, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 44.14. British Land Company PLC has a 12 month low of GBX 318.60 and a 12 month high of GBX 442. The firm has a 50-day moving average price of GBX 344.17 and a 200-day moving average price of GBX 364.68.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Peel Hunt reaffirmed a "buy" rating and set a GBX 495 target price on shares of British Land in a research note on Wednesday. Shore Capital reissued a "hold" rating on shares of British Land in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, British Land currently has an average rating of "Moderate Buy" and an average price target of GBX 487.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.