British Land (LON:BLND) Insider Purchases £15,019.20 in Stock

British Land Company PLC (LON:BLND) insider Simon Carter acquired 36 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of £417.20 per share, with a total value of £15,019.20.

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

• On Thursday, May 14th, Simon Carter acquired 39 shares of British Land stock. The stock was purchased at an average price of GBX 377 per share, with a total value of £147.03.
• On Tuesday, April 14th, Simon Carter acquired 40 shares of British Land stock. The stock was purchased at an average price of GBX 383 per share, with a total value of £153.20.

British Land Price Performance

BLND stock opened at GBX 417.60 on Wednesday. The firm has a 50 day moving average of GBX 391.58 and a 200-day moving average of GBX 393.61. The company has a current ratio of 0.15, a quick ratio of 0.25 and a debt-to-equity ratio of 52.34. British Land Company PLC has a 12 month low of GBX 318.60 and a 12 month high of GBX 432. The firm has a market capitalization of £4.28 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on BLND. 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 set a GBX 410 target price on shares of British Land in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 510 target price on shares of British Land in a research report on Wednesday, April 22nd. The Goldman Sachs Group dropped their target price on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating for the company in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of British Land from GBX 440 to GBX 430 and set a “neutral” rating for the company in a research report on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 446.44.

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.