British Land’s (BLND) “Hold” Rating Reaffirmed at Shore Capital

Shore Capital reiterated their hold rating on shares of British Land (LON:BLND) in a research report sent to investors on Wednesday, MarketBeat reports.

Several other equities research analysts have also issued reports on BLND. Panmure Gordon reaffirmed a “hold” rating and set a GBX 424 price target on shares of British Land in a report on Thursday, November 20th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 308 target price on shares of British Land in a research note on Thursday, November 20th. Peel Hunt reiterated a “buy” rating and issued a GBX 495 price target on shares of British Land in a research note on Wednesday, October 15th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 506 price objective 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 given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, British Land has an average rating of “Hold” and a consensus price target of GBX 433.25.

British Land Trading Up 0.2%

LON:BLND opened at GBX 406.40 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 44.14. British Land has a twelve month low of GBX 318.60 and a twelve month high of GBX 423. The company has a market cap of £4.06 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The business has a 50 day moving average price of GBX 395.99 and a two-hundred day moving average price of GBX 369.86.

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

Insider Buying and Selling

In other British Land news, insider Mark Aedy purchased 2,475 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was purchased at an average cost of GBX 394 per share, for a total transaction of £9,751.50. Insiders have acquired a total of 2,627 shares of company stock worth $1,034,254 over the last quarter. Corporate insiders own 0.55% 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.