British Land (LON:BLND) Insider Buys £148.92 in Stock

British Land Company PLC (LON:BLND) insider Simon Carter bought 34 shares of British Land stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of GBX 438 per share, with a total value of £148.92.

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

• On Tuesday, July 14th, Simon Carter purchased 36 shares of British Land stock. The shares were bought at an average price of GBX 416 per share, for a total transaction of £149.76.
• On Monday, June 15th, Simon Carter purchased 36 shares of British Land stock. The shares were bought at an average price of £417.20 per share, for a total transaction of £15,019.20.

British Land Trading Up 0.4%

LON:BLND opened at GBX 424.80 on Friday. The company’s 50 day moving average is GBX 427.23 and its 200-day moving average is GBX 402.30. 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 12 month low of GBX 318.60 and a 12 month high of GBX 451.60. The firm has a market cap of £4.35 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 6.76 and a beta of 1.18.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 305 price target on shares of British Land in a research report on Tuesday, June 2nd. UBS Group reissued a “neutral” rating and issued a GBX 440 price objective on shares of British Land in a research report on Monday, May 18th. JPMorgan Chase & Co. lowered their price objective 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 reaffirmed a “hold” rating and set a GBX 410 target price on shares of British Land in a research report on Wednesday, May 20th. Finally, Berenberg Bank boosted their target price on shares of British Land from GBX 531 to GBX 534 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, British Land has an average rating of “Hold” and a consensus target price of GBX 446.44.

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.