Insider Buying: British Land (LON:BLND) Insider Purchases £149.76 in Stock

British Land Company PLC (LON:BLND) insider Simon Carter purchased 36 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The stock was bought at an average cost of GBX 416 per share, for a total transaction of £149.76.

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

• On Monday, June 15th, Simon Carter bought 36 shares of British Land stock. The stock was bought at an average price of £417.20 per share, with a total value of £15,019.20.
• On Thursday, May 14th, Simon Carter purchased 39 shares of British Land stock. The shares were purchased at an average price of GBX 377 per share, for a total transaction of £147.03.

British Land Price Performance

Shares of British Land stock traded up GBX 7.80 during trading on Thursday, hitting GBX 432.60. 3,068,667 shares of the stock traded hands, compared to its average volume of 29,925,875. The stock has a market cap of £4.43 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 6.76 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.15 and a debt-to-equity ratio of 52.34. British Land Company PLC has a 52 week low of GBX 318.60 and a 52 week high of GBX 433.20. The firm’s fifty day moving average is GBX 403.50 and its 200-day moving average is GBX 396.65.

British Land (LON:BLND) last posted its quarterly earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share (EPS) for the quarter. The business had revenue of £523 million during the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. Research analysts expect that British Land Company PLC will post 29.375 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 510 price objective on shares of British Land in a research report on Wednesday, April 22nd. Jefferies Financial Group restated an “underperform” rating and set a GBX 305 price target on shares of British Land in a report on Tuesday, June 2nd. UBS Group reaffirmed a “neutral” rating and set a GBX 440 price target on shares of British Land in a research report on Monday, May 18th. The Goldman Sachs Group cut their price objective on British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. reduced their target price on British Land from GBX 440 to GBX 430 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 446.44.

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.