British Land (LON:BLND) Given New GBX 539 Price Target at Berenberg Bank

British Land (LON:BLND) had its price target boosted by equities researchers at Berenberg Bank from GBX 506 to GBX 539 in a report issued on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 31.08% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Peel Hunt reiterated a “buy” rating and set a GBX 495 price target on shares of British Land in a research report on Wednesday, October 15th. Panmure Gordon reissued a “hold” rating and set a GBX 424 price objective on shares of British Land in a research note on Thursday, November 20th. Shore Capital reaffirmed a “hold” rating on shares of British Land in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 308 target price on shares of British Land in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 441.50.

British Land Stock Performance

Shares of British Land stock traded down GBX 0.40 on Monday, hitting GBX 411.20. The stock had a trading volume of 5,033,699 shares, compared to its average volume of 4,533,066. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 44.14. British Land has a 52-week low of GBX 318.60 and a 52-week high of GBX 423. The company’s 50 day moving average price is GBX 397.29 and its 200 day moving average price is GBX 371.09. The stock has a market cap of £4.11 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 6.76 and a beta of 1.55.

British Land (LON:BLND) last released its quarterly earnings results on Wednesday, November 19th. The company reported GBX 15.40 EPS for the quarter. British Land had a net margin of 171.35% and a return on equity of 18.53%. On average, research analysts anticipate that British Land will post 29.375 EPS for the current year.

Insider Transactions at British Land

In other British Land news, insider Mark Aedy bought 2,475 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were purchased at an average cost of GBX 394 per share, for a total transaction of £9,751.50. Over the last three months, insiders purchased 2,627 shares of company stock valued at $1,034,254. Corporate 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.