Analysts Set British Land Company PLC (LON:BLND) PT at GBX 446.44

British Land Company PLC (LON:BLND) has earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 446.44.

BLND has been the topic of several research reports. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 410 price objective on shares of British Land in a research note on Wednesday, May 20th. JPMorgan Chase & Co. lowered their price target on shares of British Land from GBX 440 to GBX 430 and set a “neutral” rating on the stock in a report on Tuesday, June 9th. Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 510 price objective on shares of British Land in a report on Wednesday, April 22nd. Finally, UBS Group reissued a “neutral” rating and set a GBX 440 price objective on shares of British Land in a research report on Monday, May 18th.

British Land Trading Up 0.3%

LON:BLND opened at GBX 443.20 on Friday. The stock has a market cap of £4.54 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18. British Land has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 451.60. The company has a debt-to-equity ratio of 52.34, a current ratio of 0.15 and a quick ratio of 0.25. The stock’s 50-day moving average is GBX 421.46 and its two-hundred day moving average is GBX 401.01.

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

Insider Transactions at British Land

In other news, insider Raj Shah purchased 25,300 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of GBX 393 per share, with a total value of £99,429. Also, insider David Walker purchased 21,148 shares of British Land stock in a transaction dated Friday, June 26th. The shares were purchased at an average price of GBX 422 per share, with a total value of £89,244.56. Insiders purchased 65,448 shares of company stock valued at $27,879,719 over the last 90 days. Company insiders own 0.52% of the company’s stock.

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.