British Land (LON:BLND) Reaches New 52-Week Low at $391.70

British Land Company Plc (LON:BLNDGet Rating)’s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 391.70 ($4.73) and last traded at GBX 391.70 ($4.73), with a volume of 1192788 shares traded. The stock had previously closed at GBX 410.10 ($4.96).

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BLND. JPMorgan Chase & Co. lowered their price target on shares of 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. Barclays lowered their price target on shares of British Land from GBX 580 ($7.01) to GBX 540 ($6.52) and set an “overweight” rating on the stock in a research note on Monday, July 4th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, British Land presently has a consensus rating of “Moderate Buy” and an average target price of GBX 557.50 ($6.74).

British Land Stock Performance

The stock has a market capitalization of £3.58 billion and a price-to-earnings ratio of 386.53. The stock’s 50 day moving average is GBX 451.12 and its 200 day moving average is GBX 487.28. The company has a current ratio of 0.31, a quick ratio of 0.23 and a debt-to-equity ratio of 42.23.

Insider Activity at British Land

In other British Land news, insider Irvinder Goodhew acquired 3,199 shares of the stock in a transaction that occurred on Wednesday, July 6th. The shares were purchased at an average cost of GBX 450 ($5.44) per share, with a total value of £14,395.50 ($17,394.27). In other news, insider Irvinder Goodhew bought 3,199 shares of British Land stock in a transaction on Wednesday, July 6th. The shares were bought 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 bought 3,363 shares of British Land stock in a transaction on Friday, July 1st. The stock was purchased at an average price of GBX 443 ($5.35) per share, for a total transaction of £14,898.09 ($18,001.56). In the last three months, insiders have acquired 6,626 shares of company stock valued at $2,959,254.

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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