British Land (LON:BLND) Shares Cross Above 200-Day Moving Average – Should You Sell?

British Land Company PLC (LON:BLND)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 364.73 ($4.88) and traded as high as GBX 377.20 ($5.04). British Land shares last traded at GBX 376.08 ($5.03), with a volume of 1,107,400 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BLND shares. Peel Hunt reissued a “buy” rating and issued a GBX 495 price objective on shares of British Land in a report on Wednesday, October 15th. Shore Capital reissued a “hold” rating on shares of British Land in a report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, British Land currently has an average rating of “Moderate Buy” and an average price target of GBX 487.50.

British Land Trading Up 1.8%

The company has a debt-to-equity ratio of 44.14, a current ratio of 0.59 and a quick ratio of 0.25. The company has a market cap of £3.84 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The company’s 50 day simple moving average is GBX 345.99 and its two-hundred day simple moving average is GBX 364.73.

Insiders Place Their Bets

In related news, insider Mark Aedy bought 14,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was bought at an average price of GBX 353 per share, with a total value of £49,420. Insiders have bought a total of 14,258 shares of company stock worth $5,031,770 over the last ninety days. 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.