British Land Company PLC (LON:BLND) Given Consensus Recommendation of “Hold” by Brokerages

Shares of British Land Company PLC (LON:BLND) have been assigned a consensus recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 446.44.

BLND has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price objective on British Land from GBX 440 to GBX 430 and set a “neutral” rating on the stock in a research report on Tuesday, June 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 410 price objective on shares of British Land in a report on Wednesday, May 20th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 305 price objective on shares of British Land in a research report on Tuesday, June 2nd. UBS Group reissued a “neutral” rating and issued a GBX 440 target price on shares of British Land in a report on Monday, May 18th. Finally, Berenberg Bank raised their target price on British Land from GBX 531 to GBX 534 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd.

Insider Buying and Selling at British Land

In other news, insider David Walker sold 36,209 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of GBX 420, for a total transaction of £152,077.80. Also, insider Simon Carter acquired 36 shares of British Land stock in a transaction dated Monday, June 15th. The stock was bought at an average price of £417.20 per share, with a total value of £15,019.20. Insiders have bought a total of 21,325 shares of company stock worth $10,486,550 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

British Land Trading Down 0.6%

LON:BLND opened at GBX 410.60 on Thursday. The stock has a market cap of £4.21 billion, a price-to-earnings ratio of 9.06, 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. The company’s 50 day moving average price is GBX 429.93 and its 200-day moving average price is GBX 402.92. British Land has a 52 week low of GBX 325 and a 52 week high of GBX 451.60.

About British Land

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.