British Land Company Plc (LON:BLND) Receives Average Recommendation of “Moderate Buy” from Brokerages

British Land Company Plc (LON:BLNDGet Rating) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 557.50 ($6.74).

BLND has been the topic of a number of research reports. Barclays decreased their price objective on British Land from GBX 580 ($7.01) to GBX 540 ($6.52) and set an “overweight” rating on the stock in a report on Monday, July 4th. JPMorgan Chase & Co. decreased their price target on British Land from GBX 710 ($8.58) to GBX 700 ($8.46) and set an “overweight” rating on the stock in a research note on Tuesday, July 19th.

Insiders Place Their Bets

In other British Land news, insider Loraine Woodhouse acquired 3,363 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were purchased at an average cost of GBX 443 ($5.35) per share, for a total transaction of £14,898.09 ($18,001.56). In other British Land news, insider Irvinder Goodhew acquired 3,199 shares of the business’s stock in a transaction dated Wednesday, July 6th. The shares were purchased at an average cost of GBX 450 ($5.44) per share, for a total transaction of £14,395.50 ($17,394.27). Also, insider Loraine Woodhouse acquired 3,363 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was acquired at an average price of GBX 443 ($5.35) per share, for a total transaction of £14,898.09 ($18,001.56). Insiders have purchased 6,626 shares of company stock valued at $2,959,254 in the last ninety days.

British Land Stock Performance

Shares of LON BLND opened at GBX 406.20 ($4.91) on Thursday. The stock has a market cap of £3.77 billion and a price-to-earnings ratio of 402.18. The company has a current ratio of 0.31, a quick ratio of 0.23 and a debt-to-equity ratio of 42.23. British Land has a 1-year low of GBX 402.60 ($4.86) and a 1-year high of GBX 563.80 ($6.81). The stock’s 50-day moving average is GBX 455.57 and its 200 day moving average is GBX 490.15.

British Land Company Profile

(Get Rating)

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.

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Analyst Recommendations for British Land (LON:BLND)

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