Key Points
- Insider buying: Simon Carter purchased 41 shares on March 16 at GBX 367 (£150.47) and made prior small buys in February and January, indicating continued modest insider accumulation.
- Price and fundamentals: British Land opened at GBX 374.40, trading below its 50‑day (GBX 402.62) and 200‑day (GBX 384.24) moving averages, with a market cap of £3.74bn and a P/E of 8.30.
- Analyst view: Coverage is mixed (two Buy, two Hold, one Sell) with an average rating of "Hold" and an average target price of GBX 441.50, while Berenberg recently raised its target to GBX 539 and repeated a Buy rating.
British Land Company PLC (LON:BLND - Get Free Report) insider Simon Carter bought 41 shares of the business's stock in a transaction on Monday, March 16th. The shares were bought at an average cost of GBX 367 per share, for a total transaction of £150.47.
Simon Carter also recently made the following trade(s):
- On Monday, February 16th, Simon Carter purchased 37 shares of British Land stock. The stock was bought at an average cost of GBX 406 per share, with a total value of £150.22.
- On Wednesday, January 14th, Simon Carter acquired 37 shares of British Land stock. The shares were bought at an average price of GBX 395 per share, with a total value of £146.15.
British Land Price Performance
British Land stock opened at GBX 374.40 on Thursday. The stock's 50 day moving average is GBX 402.62 and its 200 day moving average is GBX 384.24. The company has a debt-to-equity ratio of 47.52, a current ratio of 0.28 and a quick ratio of 0.25. The firm has a market cap of £3.74 billion, a P/E ratio of 8.30, a P/E/G ratio of 6.76 and a beta of 1.17. British Land Company PLC has a one year low of GBX 318.60 and a one year high of GBX 432.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on BLND shares. Shore Capital Group restated a "hold" rating on shares of British Land in a research report on Thursday, January 29th. Jefferies Financial Group reiterated an "underperform" rating and set a GBX 308 price objective on shares of British Land in a research report on Thursday, November 20th. Panmure Gordon reissued a "hold" rating and set a GBX 424 target price on shares of British Land in a research note on Thursday, November 20th. Finally, Berenberg Bank boosted their target price on shares of British Land from GBX 506 to GBX 539 and gave the company a "buy" rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, British Land presently has an average rating of "Hold" and an average target price of GBX 441.50.
Check Out Our Latest Analysis on BLND
About British Land
(
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.
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