British Land (LON:BLND) Insider Acquires £74,657.88 in Stock

British Land Company PLC (LON:BLND) insider Amanda Mackenzie acquired 18,853 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of GBX 396 per share, for a total transaction of £74,657.88.

British Land Stock Performance

BLND opened at GBX 405.04 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.15 and a debt-to-equity ratio of 50.51. The company has a market cap of £4.15 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 6.76 and a beta of 1.17. British Land Company PLC has a 52-week low of GBX 318.60 and a 52-week high of GBX 432. The firm’s fifty day simple moving average is GBX 383.17 and its two-hundred day simple moving average is GBX 391.87.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on BLND shares. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 305 target price on shares of British Land in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 510 target price on shares of British Land in a research report on Wednesday, April 22nd. Shore Capital Group reiterated a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 410 target price on shares of British Land in a research report on Wednesday, May 20th. Finally, Berenberg Bank increased their target price on shares of British Land from GBX 531 to GBX 534 and gave the company a “buy” rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 448.50.

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.