British Land (LON:BLND) Given “Hold” Rating at Shore Capital

Shore Capital reaffirmed their hold rating on shares of British Land (LON:BLND) in a research report released on Thursday morning, Marketbeat Ratings reports.

A number of other research analysts also recently issued reports on the stock. Panmure Gordon restated a “hold” rating and set a GBX 424 target price on shares of British Land in a research report on Thursday, November 20th. Jefferies Financial Group restated an “underperform” rating and issued a GBX 308 price objective on shares of British Land in a research report on Thursday, November 20th. Berenberg Bank boosted their target price on shares of British Land from GBX 506 to GBX 539 and gave the company a “buy” rating in a research note on Monday. Finally, Peel Hunt restated a “buy” rating and set a GBX 495 price target on shares of British Land in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 441.50.

British Land Stock Performance

Shares of LON:BLND opened at GBX 415.40 on Thursday. The business’s 50-day moving average is GBX 399.54 and its 200 day moving average is GBX 372.13. The company has a debt-to-equity ratio of 44.14, a current ratio of 0.59 and a quick ratio of 0.25. British Land has a 1 year low of GBX 318.60 and a 1 year high of GBX 423. The firm has a market capitalization of £4.15 billion, a P/E ratio of 9.21, a P/E/G ratio of 6.76 and a beta of 1.55.

British Land (LON:BLND) last released 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%. On average, research analysts predict that British Land will post 29.375 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark Aedy bought 2,475 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were acquired at an average price of GBX 394 per share, for a total transaction of £9,751.50. Over the last ninety days, insiders have acquired 2,627 shares of company stock valued at $1,034,254. 0.55% of the stock is currently owned by insiders.

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. 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.