Insider Buying: British Land (LON:BLND) Insider Purchases £150.47 in Stock

British Land Company PLC (LON:BLND) insider Simon Carter acquired 41 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were bought at an average cost of GBX 367 per share, for a total transaction of £150.47.

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

• On Monday, February 16th, Simon Carter bought 37 shares of British Land stock. The shares were bought at an average cost of GBX 406 per share, with a total value of £150.22.
• On Wednesday, January 14th, Simon Carter purchased 37 shares of British Land stock. The shares were bought at an average price of GBX 395 per share, with a total value of £146.15.

British Land Trading Down 1.7%

Shares of British Land stock opened at GBX 352.20 on Friday. 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 twelve month low of GBX 318.60 and a twelve month high of GBX 432. The firm has a market capitalization of £3.52 billion, a PE ratio of 7.81, a P/E/G ratio of 6.76 and a beta of 1.17. The firm’s 50-day moving average price is GBX 400.28 and its 200 day moving average price is GBX 384.20.

Analysts Set New Price Targets

BLND has been the topic of several research reports. 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 report on Monday, January 26th. Shore Capital Group reiterated a “hold” rating on shares of British Land in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 441.50.

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.