British Land (LON:BLND) Insider Simon Carter Buys 41 Shares

British Land Company PLC (LON:BLND) insider Simon Carter acquired 41 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were bought at an average cost of GBX 367 per share, for a total transaction of £150.47.

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

• On Monday, February 16th, Simon Carter acquired 37 shares of British Land stock. The stock was bought at an average price of GBX 406 per share, with a total value of £150.22.
• On Wednesday, January 14th, Simon Carter bought 37 shares of British Land stock. The stock was bought at an average cost of GBX 395 per share, with a total value of £146.15.

British Land Price Performance

Shares of BLND stock traded down GBX 4.40 during trading hours on Wednesday, reaching GBX 372.20. 17,699,092 shares of the company were exchanged, compared to its average volume of 16,664,979. British Land Company PLC has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 432. The company has a debt-to-equity ratio of 47.52, a current ratio of 0.28 and a quick ratio of 0.25. The stock’s fifty day moving average is GBX 403.44 and its two-hundred day moving average is GBX 384.31. The company has a market cap of £3.72 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 6.76 and a beta of 1.17.

Analyst Upgrades and Downgrades

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

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.