Key Points
- Insider purchase: British Land director Simon Carter bought 34 shares at GBX 438 each, worth £148.92, following similar purchases in June and July.
- Stock performance: Shares opened at GBX 427.36, compared with a 52-week range of GBX 318.60 to GBX 451.60. The company has a market capitalization of approximately £4.38 billion.
- Analyst outlook: Coverage remains mixed, with four Buy, five Hold and one Sell rating; the consensus is Hold with an average price target of GBX 446.44.
British Land Company PLC (LON:BLND - Get Free Report) insider Simon Carter bought 34 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of GBX 438 per share, for a total transaction of £148.92.
Simon Carter also recently made the following trade(s):
- On Tuesday, July 14th, Simon Carter purchased 36 shares of British Land stock. The stock was acquired at an average cost of GBX 416 per share, with a total value of £149.76.
- On Monday, June 15th, Simon Carter bought 36 shares of British Land stock. The stock was bought at an average cost of £417.20 per share, with a total value of £15,019.20.
British Land Stock Performance
British Land stock opened at GBX 427.36 on Wednesday. British Land Company PLC has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 451.60. The stock's 50 day simple moving average is GBX 426.71 and its two-hundred day simple moving average is GBX 402.18. The company has a debt-to-equity ratio of 52.34, a quick ratio of 0.25 and a current ratio of 0.15. The stock has a market cap of £4.38 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 6.76 and a beta of 1.18.
British Land (LON:BLND - Get Free Report) last released its earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share for the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. The firm had revenue of £523 million for the quarter. As a group, analysts expect that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Berenberg Bank raised their target price on shares of British Land from GBX 531 to GBX 534 and gave the company a "buy" rating in a research note on Tuesday, June 2nd. Shore Capital Group reissued a "hold" rating on shares of British Land in a research report on Tuesday, April 21st. Jefferies Financial Group restated an "underperform" rating and issued a GBX 305 price target on shares of British Land in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. reduced their price objective on British Land from GBX 440 to GBX 430 and set a "neutral" rating for the company in a research report on Tuesday, June 9th. Finally, UBS Group reiterated a "neutral" rating and set a GBX 440 price objective on shares of British Land in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of GBX 446.44.
Check Out Our Latest Stock Analysis on British Land
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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