Insider Buying: British Land (LON:BLND) Insider Acquires 37 Shares of Stock

British Land Company PLC (LON:BLND) insider Simon Carter purchased 37 shares of the stock in a transaction dated Monday, February 16th. The shares were acquired at an average cost of GBX 406 per share, for a total transaction of £150.22.

Simon Carter also recently made the following trade(s):

• On Wednesday, January 14th, Simon Carter acquired 37 shares of British Land stock. The stock was acquired at an average price of GBX 395 per share, with a total value of £146.15.

British Land Stock Performance

BLND traded up GBX 7.40 during midday trading on Tuesday, hitting GBX 412.40. 259,671,516 shares of the company traded hands, compared to its average volume of 31,959,012. The company’s 50-day moving average is GBX 403.27 and its 200 day moving average is GBX 377.40. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 44.14. The firm has a market capitalization of £4.12 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. British Land Company PLC has a 52 week low of GBX 318.60 and a 52 week high of GBX 432.

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

Analyst Ratings Changes

Several analysts recently commented on BLND shares. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 308 price objective on shares of British Land in a report on Thursday, November 20th. Panmure Gordon restated a “hold” rating and set a GBX 424 price target on shares of British Land in a research note on Thursday, November 20th. Shore Capital Group reiterated a “hold” rating on shares of British Land in a research note on Thursday, January 29th. Finally, Berenberg Bank raised their price objective on shares of British Land from GBX 506 to GBX 539 and gave the stock a “buy” rating in a report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 441.50.

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.