British Land (LON:BLND) Given New GBX 470 Price Target at The Goldman Sachs Group

British Land (LON:BLND) had its target price lowered by The Goldman Sachs Group from GBX 510 to GBX 470 in a report published on Monday morning,London Stock Exchange reports. The Goldman Sachs Group currently has a buy rating on the stock.

BLND has been the topic of a number of other reports. Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a research report on Thursday, January 29th. Berenberg Bank lifted their target price on shares of British Land from GBX 506 to GBX 539 and gave the stock a “buy” rating in a research report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, British Land presently has a consensus rating of “Hold” and an average target price of GBX 447.20.

British Land Stock Up 3.9%

British Land stock opened at GBX 356.60 on Monday. The firm’s fifty day moving average is GBX 393.93 and its 200 day moving average is GBX 385.78. British Land has a 12-month low of GBX 318.60 and a 12-month high of GBX 432. The company has a market capitalization of £3.57 billion, a PE ratio of 7.91, a PEG ratio of 6.76 and a beta of 1.17. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 47.52.

Insiders Place Their Bets

In other British Land news, insider Mark Aedy bought 2,475 shares of the stock in a transaction on Monday, January 5th. The shares were acquired at an average price of GBX 394 per share, with a total value of £9,751.50. In the last ninety days, insiders have purchased 2,705 shares of company stock valued at $1,064,518. 0.48% of the stock is currently 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.