Mark Aedy Buys 2,475 Shares of British Land (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider Mark Aedy bought 2,475 shares of British Land stock in a transaction dated Monday, January 5th. The stock was acquired at an average cost of GBX 394 per share, with a total value of £9,751.50.

British Land Stock Performance

Shares of LON BLND traded up GBX 10.60 during midday trading on Wednesday, reaching GBX 415.60. 3,410,894 shares of the company were exchanged, compared to its average volume of 2,611,119. The stock has a market cap of £4.16 billion, a P/E ratio of 9.22, a PEG ratio of 6.76 and a beta of 1.55. British Land Company PLC has a 1 year low of GBX 318.60 and a 1 year high of GBX 423. The stock has a fifty day simple moving average of GBX 392.27 and a 200 day simple moving average of GBX 367.24. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 44.14.

British Land (LON:BLND) last posted its quarterly earnings data on Wednesday, November 19th. The company reported GBX 15.40 EPS for the quarter. British Land had a return on equity of 18.53% and a net margin of 171.35%. On average, research analysts forecast that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLND has been the subject of a number of analyst reports. Jefferies Financial Group restated an “underperform” rating and set a GBX 308 price objective on shares of British Land in a research report on Thursday, November 20th. Berenberg Bank reiterated a “buy” rating and set a GBX 506 price target on shares of British Land in a research note on Wednesday, November 19th. Shore Capital restated a “hold” rating on shares of British Land in a research report on Wednesday, November 19th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 424 price objective on shares of British Land in a report on Thursday, November 20th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 495 target price on shares of British Land in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 433.25.

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. 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.