Berenberg Bank Raises British Land (LON:BLND) Price Target to GBX 539

British Land (LON:BLND) had its price target hoisted by investment analysts at Berenberg Bank from GBX 506 to GBX 539 in a research note issued on Monday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 31.46% from the stock’s previous close.

Several other equities research analysts also recently commented on BLND. Panmure Gordon reiterated a “hold” rating and set a GBX 424 target price on shares of British Land in a report on Thursday, November 20th. 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. Shore Capital reiterated a “hold” rating on shares of British Land in a report on Wednesday, January 21st. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 308 target price on shares of British Land in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 441.50.

British Land Price Performance

BLND opened at GBX 410 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 44.14. The company has a market cap of £4.10 billion, a P/E ratio of 9.09, a P/E/G ratio of 6.76 and a beta of 1.55. The company has a 50 day moving average of GBX 397.94 and a two-hundred day moving average of GBX 371.51. British Land has a 52-week low of GBX 318.60 and a 52-week high of GBX 423.

British Land (LON:BLND) last released its quarterly earnings data 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%. On average, analysts expect that British Land will post 29.375 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Mark Aedy bought 2,475 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was bought at an average price of GBX 394 per share, for a total transaction of £9,751.50. Over the last 90 days, insiders purchased 2,627 shares of company stock worth $1,034,254. Company insiders own 0.55% of the company’s stock.

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.