British Land (LON:BLND) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

British Land Company PLC (LON:BLND)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 368.53 and traded as high as GBX 400.64. British Land shares last traded at GBX 399.60, with a volume of 3,877,461 shares trading hands.

Wall Street Analysts Forecast Growth

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

British Land Trading Down 0.1%

The business has a fifty day moving average price of GBX 395.06 and a 200 day moving average price of GBX 368.53. The firm has a market capitalization of £3.99 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 6.76 and a beta of 1.55. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.25 and a current ratio of 0.59.

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

Insider Transactions at British Land

In other British Land news, insider Mark Aedy acquired 2,475 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was bought at an average price of GBX 394 per share, with a total value of £9,751.50. Insiders have purchased 2,553 shares of company stock worth $1,005,024 in the last ninety days. 0.55% of the stock is owned by 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. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.