Simon Carter Acquires 39 Shares of British Land (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider Simon Carter acquired 39 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of GBX 377 per share, with a total value of £147.03.

Simon Carter also recently made the following trade(s):

• On Tuesday, April 14th, Simon Carter purchased 40 shares of British Land stock. The stock was bought at an average price of GBX 383 per share, for a total transaction of £153.20.
• On Monday, March 16th, Simon Carter acquired 41 shares of British Land stock. The shares were bought at an average price of GBX 367 per share, with a total value of £150.47.

British Land Price Performance

British Land stock opened at GBX 369.60 on Monday. The company has a market capitalization of £3.79 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 6.76 and a beta of 1.17. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 47.52. British Land Company PLC has a 12 month low of GBX 318.60 and a 12 month high of GBX 432. The stock’s 50 day moving average is GBX 375.53 and its 200-day moving average is GBX 391.48.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 310 price objective on shares of British Land in a report on Tuesday, April 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 410 target price on shares of British Land in a report on Tuesday, April 21st. Shore Capital Group restated a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 510 target price on shares of British Land in a research report on Wednesday, April 22nd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 531 target price on shares of British Land in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 450.

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.