British Land (LON:BLND) Receives “Hold” Rating from Shore Capital

British Land (LON:BLND)‘s stock had its “hold” rating reiterated by equities research analysts at Shore Capital in a note issued to investors on Wednesday,Digital Look reports.

BLND has been the topic of a number of other research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 506 price objective on shares of British Land in a research note on Wednesday, November 19th. 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. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 308 target price on shares of British Land in a research note on Thursday, November 20th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 495 price target on shares of British Land in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, British Land presently has a consensus rating of “Hold” and a consensus price target of GBX 433.25.

British Land Price Performance

LON:BLND traded up GBX 1 during mid-day trading on Wednesday, hitting GBX 406.40. 309,287,656 shares of the company’s stock traded hands, compared to its average volume of 26,548,631. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.25 and a current ratio of 0.59. The company has a market cap of £4.06 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The firm’s 50 day simple moving average is GBX 395.81 and its 200 day simple moving average is GBX 369.61. British Land has a 1 year low of GBX 318.60 and a 1 year high of GBX 423.

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%. Sell-side analysts expect that British Land will post 29.375 EPS for the current year.

Insider Buying and Selling at British Land

In other news, insider Mark Aedy bought 2,475 shares of British Land stock in a transaction that occurred on Monday, January 5th. The shares were purchased at an average price of GBX 394 per share, for a total transaction of £9,751.50. Over the last 90 days, insiders acquired 2,627 shares of company stock valued at $1,034,254. Company insiders own 0.55% 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.