British Land’s (BLND) Hold Rating Reiterated at Shore Capital

Shore Capital reiterated their hold rating on shares of British Land (LON:BLND) in a research report report published on Thursday morning, MarketBeat reports.

Other equities research analysts have also recently issued reports about the company. Berenberg Bank raised their target price on British Land from GBX 506 to GBX 539 and gave the company a “buy” rating in a research note on Monday, January 26th. Panmure Gordon restated a “hold” rating and issued a GBX 424 target price on shares of British Land in a research report on Thursday, November 20th. Peel Hunt reissued a “buy” rating and issued a GBX 495 price target on shares of British Land in a report on Wednesday, October 15th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 308 price objective on shares of British Land in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 441.50.

British Land Stock Performance

LON:BLND opened at GBX 414.80 on Thursday. The firm’s fifty day moving average price is GBX 400.34 and its 200 day moving average price is GBX 372.71. The company has a debt-to-equity ratio of 44.14, a current ratio of 0.59 and a quick ratio of 0.25. British Land has a 1-year low of GBX 318.60 and a 1-year high of GBX 423. The firm has a market cap of £4.15 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55.

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

Insider Activity

In related news, insider Mark Aedy purchased 2,475 shares of the stock in a transaction dated Monday, January 5th. The shares were acquired at an average cost of GBX 394 per share, for a total transaction of £9,751.50. Over the last three months, insiders have acquired 2,627 shares of company stock worth $1,034,254. Company insiders own 0.55% of the company’s stock.

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.