British Land (LON:BLND) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

British Land Company PLC (LON:BLND)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 366.69 and traded as high as GBX 391. British Land shares last traded at GBX 386.40, with a volume of 612,326,375 shares traded.

Wall Street Analysts Forecast Growth

BLND has been the subject of several research analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 495 price target on shares of British Land in a research note on Wednesday, October 15th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 308 target price on shares of British Land in a research report on Thursday, November 20th. Panmure Gordon reiterated a “hold” rating and issued a GBX 424 target price on shares of British Land in a report on Thursday, November 20th. Shore Capital reissued a “hold” rating on shares of British Land in a research report on Wednesday, November 19th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 506 price target on shares of British Land in a research note on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, British Land currently has an average rating of “Hold” and a consensus target price of GBX 433.25.

British Land Stock Performance

The company has a debt-to-equity ratio of 44.14, a current ratio of 0.59 and a quick ratio of 0.25. The company has a market cap of £3.84 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The business has a fifty day simple moving average of GBX 386.51 and a two-hundred day simple moving average of GBX 366.69.

British Land (LON:BLND) last released its quarterly earnings results on Wednesday, November 19th. The company reported GBX 15.40 EPS for the quarter. British Land had a return on equity of 18.53% and a net margin of 171.35%. Research analysts anticipate that British Land Company PLC will post 29.375 earnings per share for the current year.

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.