British Land Company PLC (LON:BLND) Receives GBX 447.20 Consensus Target Price from Brokerages

British Land Company PLC (LON:BLND) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 447.20.

Several research analysts recently issued reports on the stock. Berenberg Bank increased their price target on shares of British Land from GBX 506 to GBX 539 and gave the stock a “buy” rating in a report on Monday, January 26th. The Goldman Sachs Group dropped their target price on British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a research report on Monday. Finally, Shore Capital Group reissued a “hold” rating on shares of British Land in a research note on Thursday, January 29th.

British Land Stock Up 2.7%

BLND stock opened at GBX 365 on Monday. The stock has a market capitalization of £3.65 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 6.76 and a beta of 1.17. The company has a fifty day moving average of GBX 392.18 and a 200-day moving average of GBX 385.82. The company has a debt-to-equity ratio of 47.52, a quick ratio of 0.25 and a current ratio of 0.28. British Land has a one year low of GBX 318.60 and a one year high of GBX 432.

Insiders Place Their Bets

In related news, insider Mark Aedy bought 2,475 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were bought at an average cost of GBX 394 per share, for a total transaction of £9,751.50. Insiders acquired a total of 2,705 shares of company stock worth $1,064,518 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

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.