Key Points
- Insider buying: Director Simon Carter bought 37 shares on Jan 14 at an average price of GBX 395 (previously bought 39 shares at GBX 383 in November); both purchases were small (≈£146 and ≈£149).
- Current trading and valuation: British Land trades around GBX 412 with a market cap of £4.12bn, a P/E of 9.14, a 50-day moving average near GBX 395 and a 52-week range of GBX 318.6–423.
- Analyst view: Consensus is a Hold with an average price target of GBX 433.25, based on 2 Buy, 2 Hold and 1 Sell ratings.
British Land Company PLC (LON:BLND - Get Free Report) insider Simon Carter bought 37 shares of the stock in a transaction dated Wednesday, January 14th. The shares were acquired at an average cost of GBX 395 per share, for a total transaction of £146.15.
Simon Carter also recently made the following trade(s):
- On Friday, November 14th, Simon Carter purchased 39 shares of British Land stock. The shares were bought at an average cost of GBX 383 per share, for a total transaction of £149.37.
British Land Stock Performance
LON:BLND opened at GBX 412.20 on Friday. The company has a market cap of £4.12 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 6.76 and a beta of 1.55. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.25 and a current ratio of 0.59. British Land Company PLC has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 423. The stock has a fifty day moving average price of GBX 395.46 and a 200-day moving average price of GBX 369.03.
British Land (LON:BLND - Get Free Report) last released its earnings results on Wednesday, November 19th. The company reported GBX 15.40 EPS for the quarter. British Land had a net margin of 171.35% and a return on equity of 18.53%. As a group, equities analysts anticipate that British Land Company PLC will post 29.375 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on BLND. Shore Capital reiterated a "hold" rating on shares of British Land in a report on Wednesday, November 19th. Jefferies Financial Group restated an "underperform" rating and set a GBX 308 price target on shares of British Land in a report on Thursday, November 20th. Peel Hunt reissued a "buy" rating and issued a GBX 495 price objective on shares of British Land in a research note on Wednesday, October 15th. Berenberg Bank reiterated a "buy" rating and set a GBX 506 target price on shares of British Land in a research report on Wednesday, November 19th. Finally, Panmure Gordon reiterated a "hold" rating and issued a GBX 424 price target on shares of British Land in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of GBX 433.25.
Get Our Latest Analysis on BLND
British Land Company Profile
(
Get Free Report)
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.
See Also
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