British Land (LON:BLND) Insider Simon Carter Purchases 37 Shares of Stock

British Land Company PLC (LON:BLND) insider Simon Carter bought 37 shares of the stock in a transaction that occurred on Monday, February 16th. The stock was acquired at an average price of GBX 406 per share, for a total transaction of £150.22.

Simon Carter also recently made the following trade(s):

• On Wednesday, January 14th, Simon Carter purchased 37 shares of British Land stock. The stock was acquired at an average cost of GBX 395 per share, with a total value of £146.15.

British Land Stock Performance

BLND stock opened at GBX 412.40 on Wednesday. The company has a 50-day simple moving average of GBX 403.73 and a 200 day simple moving average of GBX 377.87. The company has a market capitalization of £4.12 billion, a P/E ratio of 9.14, a PEG ratio of 6.76 and a beta of 1.55. 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 Company PLC has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 432.

British Land (LON:BLND) last released its earnings results 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%. Sell-side analysts predict that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Berenberg Bank lifted their price target 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. Jefferies Financial Group restated an “underperform” rating and issued a GBX 308 target price on shares of British Land in a report on Thursday, November 20th. Panmure Gordon reaffirmed a “hold” rating and set a GBX 424 target price on shares of British Land in a research report on Thursday, November 20th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 441.50.

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.