British Land - BLND Share Forecast, Price & News

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles - Places People Prefer. We do this by creating great environments both inside and outside our buildings and use our scale and placemaking skills to enhance and enliven them. This expands their appeal to a broader range of occupiers, creating enduring demand and driving sustainable, long term performance. Our Offices portfolio comprises three office-led campuses in central London as well as high quality standalone buildings and accounts for 65% of our portfolio. Our Retail portfolio is focused on retail parks and shopping centres, and accounts for 31% of our portfolio. Increasingly our focus is on providing a mix of uses and this is most evident at Canada Water, our 53 acre redevelopment opportunity where we have plans to create a new neighbourhood for London. Sustainability is embedded throughout our business. Our places, which are designed to meet high sustainability standards, become part of local communities, provide opportunities for skills development and employment and promote wellbeing. In April 2016 British Land received the Queen's Award for Enterprise: Sustainable Development, the UK's highest accolade for business success for economic, social and environmental achievements over a period of five years.

Analysts Set New Price Targets

Several brokerages have commented on BLND. Barclays dropped their price target on shares of British Land from GBX 580 ($7.01) to GBX 540 ($6.52) and set an "overweight" rating on the stock in a research note on Monday, July 4th. JPMorgan Chase & Co. lowered their price objective on shares of British Land from GBX 710 ($8.58) to GBX 700 ($8.46) and set an "overweight" rating on the stock in a research note on Tuesday, July 19th. Royal Bank of Canada reiterated a "sector perform" rating and set a GBX 475 ($5.74) price objective on shares of British Land in a research note on Friday, May 13th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of British Land in a research note on Wednesday, May 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 557.50 ($6.74).

British Land Price Performance

LON:BLND traded down GBX 14 ($0.17) during trading hours on Wednesday, reaching GBX 465 ($5.62). 1,446,125 shares of the company's stock were exchanged, compared to its average volume of 2,105,338. The company has a market capitalization of £4.31 billion and a P/E ratio of 451.44. British Land has a 12 month low of GBX 440.20 ($5.32) and a 12 month high of GBX 563.80 ($6.81). The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 42.23. The business's 50-day simple moving average is GBX 480.73 and its two-hundred day simple moving average is GBX 505.88.

Insider Buying and Selling

In other British Land news, insider Bhavesh Mistry bought 15,204 shares of British Land stock in a transaction that occurred on Friday, May 27th. The stock was purchased at an average cost of GBX 528 ($6.38) per share, for a total transaction of £80,277.12 ($96,999.90). In other news, insider Irvinder Goodhew acquired 3,199 shares of the firm's stock in a transaction that occurred on Wednesday, July 6th. The stock was purchased at an average price of GBX 450 ($5.44) per share, with a total value of £14,395.50 ($17,394.27). Also, insider Bhavesh Mistry acquired 15,204 shares of the firm's stock in a transaction that occurred on Friday, May 27th. The stock was purchased at an average cost of GBX 528 ($6.38) per share, with a total value of £80,277.12 ($96,999.90). Over the last ninety days, insiders acquired 21,830 shares of company stock worth $10,986,966.