British Land (LON:BLND) Price Target Raised to GBX 308 at Jefferies Financial Group

British Land (LON:BLND) had its target price boosted by Jefferies Financial Group from GBX 298 to GBX 308 in a report issued on Tuesday, Marketbeat.com reports. They currently have an underperform rating on the stock.

BLND has been the subject of a number of other reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 495 price target on shares of British Land in a report on Wednesday, October 15th. Shore Capital restated a “hold” rating on shares of British Land in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 427.67.

British Land Stock Down 1.4%

Shares of LON:BLND opened at GBX 384 on Tuesday. The company has a market capitalization of £3.84 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The company has a 50 day moving average of GBX 350.48 and a two-hundred day moving average of GBX 366.52. British Land has a 52-week low of GBX 318.60 and a 52-week high of GBX 425.60. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 44.14.

Insider Buying and Selling

In other news, insider Mark Aedy acquired 14,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average cost of GBX 353 per share, with a total value of £49,420. Insiders bought 14,258 shares of company stock valued at $5,031,770 in the last three months. 0.55% of the stock is currently owned by company insiders.

About British Land

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.