Shore Capital Reiterates Hold Rating for British Land (LON:BLND)

British Land (LON:BLND)‘s stock had its “hold” rating reaffirmed by equities research analysts at Shore Capital in a research report issued to clients and investors on Monday, Marketbeat reports.

Other equities analysts also recently issued reports about the company. Peel Hunt reiterated a “buy” rating and set a GBX 405 ($4.97) price objective on shares of British Land in a research report on Tuesday, September 26th. Jefferies Financial Group downgraded British Land to an “underperform” rating and set a GBX 250 ($3.07) price objective for the company. in a research report on Wednesday, September 27th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of British Land in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, British Land presently has a consensus rating of “Hold” and a consensus price target of GBX 414 ($5.08).

British Land Stock Up 9.7 %

Shares of LON BLND opened at GBX 350.50 ($4.30) on Monday. British Land has a 1 year low of GBX 287.30 ($3.53) and a 1 year high of GBX 522.30 ($6.41). The firm has a market cap of £3.25 billion, a price-to-earnings ratio of -312.95, a PEG ratio of 6.76 and a beta of 1.47. The company has a debt-to-equity ratio of 44.53, a quick ratio of 0.25 and a current ratio of 0.27. The stock’s 50-day simple moving average is GBX 311.86 and its 200-day simple moving average is GBX 328.17.

Insider Buying and Selling at British Land

In related news, insider Irvinder Goodhew acquired 4,687 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was acquired at an average price of GBX 312 ($3.83) per share, with a total value of £14,623.44 ($17,958.30). Insiders bought 4,783 shares of company stock worth $1,492,488 over the last ninety days. Company insiders own 0.22% of the company’s stock.

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.