British Land (LON:BLND) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• British Land shares crossed above their 200-day moving average, reaching GBX 416 and closing at GBX 414.60, compared with the average of GBX 402.99.
• Analyst sentiment remains mixed but averages to a “Hold” rating, with a consensus price target of GBX 446.44. Targets range from GBX 305 and an “underperform” rating from Jefferies to GBX 534 and a “buy” rating from Berenberg.
• Insider activity was mixed: an insider sold 36,209 shares for approximately £152,078, while insiders collectively bought 21,325 shares over the past 90 days; insiders own 0.52% of the company.

British Land Company PLC (LON:BLND - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 402.99 and traded as high as GBX 416. British Land shares last traded at GBX 414.60, with a volume of 2,798,628 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Stifel Nicolaus reissued a "hold" rating and issued a GBX 410 price objective on shares of British Land in a research report on Wednesday, May 20th. JPMorgan Chase & Co. decreased their target price on British Land from GBX 440 to GBX 430 and set a "neutral" rating for the company in a research note on Tuesday, June 9th. Berenberg Bank lifted their target price on British Land from GBX 531 to GBX 534 and gave the stock a "buy" rating in a report on Tuesday, June 2nd. UBS Group reissued a "neutral" rating and issued a GBX 440 price target on shares of British Land in a research note on Monday, May 18th. Finally, Jefferies Financial Group restated an "underperform" rating and set a GBX 305 price target on shares of British Land in a report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, British Land presently has an average rating of "Hold" and an average target price of GBX 446.44.

British Land Stock Up 0.4%

The stock has a market cap of £4.25 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18. The firm's fifty day moving average price is GBX 429.87 and its two-hundred day moving average price is GBX 402.99. The company has a debt-to-equity ratio of 52.34, a current ratio of 0.15 and a quick ratio of 0.25.

Insider Buying and Selling

In related news, insider David Walker sold 36,209 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of GBX 420, for a total transaction of £152,077.80. Also, insider Simon Carter purchased 36 shares of the business's stock in a transaction on Monday, June 15th. The stock was purchased at an average price of £417.20 per share, for a total transaction of £15,019.20. Over the last ninety days, insiders have purchased 21,325 shares of company stock worth $10,486,550. 0.52% of the stock is owned by company insiders.

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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