British Land (LON:BLND) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

British Land Company PLC (LON:BLND) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 399.25 and traded as high as GBX 444.80. British Land shares last traded at GBX 443.80, with a volume of 2,662,525 shares trading hands.

Analyst Upgrades and Downgrades

BLND has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 510 price target on shares of British Land in a research report on Wednesday, April 22nd. UBS Group reiterated a “neutral” rating and set a GBX 440 target price on shares of British Land in a research report on Monday, May 18th. JPMorgan Chase & Co. dropped their price target on shares of British Land from GBX 440 to GBX 430 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Stifel Nicolaus restated a “hold” rating and set a GBX 410 price objective on shares of British Land in a research report on Wednesday, May 20th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a report on Tuesday, April 21st. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 446.44.

British Land Trading Up 0.5%

The company has a 50 day simple moving average of GBX 416.34 and a 200 day simple moving average of GBX 399.25. The company has a market capitalization of £4.57 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18. The company has a debt-to-equity ratio of 52.34, a quick ratio of 0.25 and a current ratio of 0.15.

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

Insider Transactions at British Land

In other news, insider Amanda Mackenzie acquired 18,853 shares of British Land stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average cost of GBX 396 per share, with a total value of £74,657.88. Also, insider David Walker sold 36,209 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of GBX 420, for a total value of £152,077.80. Insiders bought a total of 65,448 shares of company stock valued at $27,879,719 in the last 90 days. 0.47% of the stock is owned by company insiders.

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.