British Land (LON:BLND) Shares Pass Above 200 Day Moving Average – Time to Sell?

British Land Company PLC (LON:BLND)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 391.04 and traded as high as GBX 395.50. British Land shares last traded at GBX 385.40, with a volume of 1,132,526 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Berenberg Bank reissued a “buy” rating and set a GBX 531 target price on shares of British Land in a report on Tuesday, April 21st. The Goldman Sachs Group dropped their target price on British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a report on Monday, March 30th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 310 price target on shares of British Land in a report on Tuesday, April 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 410 price target on shares of British Land in a report on Tuesday, April 21st. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 450.

British Land Price Performance

The company has a market cap of £3.85 billion, a P/E ratio of 8.55, a PEG ratio of 6.76 and a beta of 1.16. The company has a fifty day simple moving average of GBX 380.03 and a 200-day simple moving average of GBX 391.04. The company has a debt-to-equity ratio of 47.52, a current ratio of 0.28 and a quick ratio of 0.25.

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.