Shore Capital Reiterates "Hold" Rating for British Land (LON:BLND)

Key Points

• Shore Capital has restated its "hold" rating for British Land, while Peel Hunt has reaffirmed a "buy" rating with a price target of GBX 495.
• British Land's shares recently traded at GBX 371.40, with a market capitalization of £3.71 billion and a PE ratio of 1,061.14.
• Insider transactions included Simon Carter selling 96,808 shares and Alastair Hughes purchasing 14,522 shares, indicating varied insider activity surrounding the stock.

British Land (LON:BLND - Get Free Report)'s stock had its "hold" rating restated by analysts at Shore Capital in a note issued to investors on Wednesday,Digital Look reports.

Separately, Peel Hunt reaffirmed a "buy" rating and issued a GBX 495 price target on shares of British Land in a report on Wednesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 487.50.

British Land Price Performance

Shares of LON BLND traded up GBX 8.80 during midday trading on Wednesday, reaching GBX 371.40. 9,739,923 shares of the company traded hands, compared to its average volume of 10,317,876. The firm has a market cap of £3.71 billion, a PE ratio of 1,061.14, a PEG ratio of 6.76 and a beta of 1.55. The stock's 50-day simple moving average is GBX 343.88 and its 200-day simple moving average is GBX 364.63. British Land has a 12 month low of GBX 318.60 and a 12 month high of GBX 442. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.25 and a current ratio of 0.59.

Insider Buying and Selling

In other British Land news, insider Simon Carter sold 96,808 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of GBX 358, for a total value of £346,572.64. Also, insider Alastair Hughes purchased 14,522 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were acquired at an average cost of GBX 344 per share, for a total transaction of £49,955.68. Insiders purchased a total of 35,734 shares of company stock worth $12,488,152 over the last quarter. Insiders own 0.55% of the company's stock.

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.

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