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

Key Points

• David Walker, an insider at British Land Company PLC, purchased 41 shares at an average price of GBX 365 on October 14, 2023, totaling £149.65.
• British Land's stock opened at GBX 371.20, with a market cap of £3.71 billion and a price-to-earnings ratio of 1,060.57.
• Analysts remain cautiously optimistic, with Shore Capital maintaining a "hold" rating and Peel Hunt issuing a "buy" rating with a price target of GBX 495.

British Land Company PLC (LON:BLND - Get Free Report) insider David Walker bought 41 shares of the firm's stock in a transaction that occurred on Tuesday, October 14th. The shares were acquired at an average price of GBX 365 per share, with a total value of £149.65.

David Walker also recently made the following trade(s):

• On Monday, September 15th, David Walker acquired 44 shares of British Land stock. The shares were bought at an average price of GBX 336 per share, with a total value of £147.84.
• On Thursday, August 14th, David Walker acquired 44 shares of British Land stock. The shares were bought at an average price of GBX 344 per share, with a total value of £151.36.
• On Monday, July 21st, David Walker sold 23,267 shares of British Land stock. The stock was sold at an average price of GBX 358, for a total value of £83,295.86.

British Land Stock Down 0.1%

British Land stock opened at GBX 371.20 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 44.14. British Land Company PLC has a 52 week low of GBX 318.60 and a 52 week high of GBX 442. The business's 50-day moving average price is GBX 344.17 and its 200 day moving average price is GBX 364.68. The firm has a market cap of £3.71 billion, a price-to-earnings ratio of 1,060.57, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Shore Capital reiterated a "hold" rating on shares of British Land in a research note on Wednesday. Peel Hunt reaffirmed a "buy" rating and issued a GBX 495 price objective on shares of British Land in a report on Wednesday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, British Land has an average rating of "Moderate Buy" and a consensus 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.