British Land (LON:BLND) Insider Simon Carter Purchases 36 Shares of Stock

British Land Company PLC (LON:BLND) insider Simon Carter acquired 36 shares of the company’s stock in a transaction dated Tuesday, July 14th. The shares were purchased at an average cost of GBX 416 per share, with a total value of £149.76.

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

• On Monday, June 15th, Simon Carter bought 36 shares of British Land stock. The stock was purchased at an average price of £417.20 per share, with a total value of £15,019.20.
• On Thursday, May 14th, Simon Carter bought 39 shares of British Land stock. The stock was acquired at an average cost of GBX 377 per share, for a total transaction of £147.03.

British Land Stock Up 2.6%

LON BLND opened at GBX 435.80 on Friday. The firm has a market cap of £4.47 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18. British Land Company PLC has a one year low of GBX 318.60 and a one year high of GBX 435.80. The stock’s 50 day simple moving average is GBX 404.49 and its 200 day simple moving average is GBX 396.96. The company has a debt-to-equity ratio of 52.34, a current ratio of 0.15 and a quick ratio of 0.25.

British Land (LON:BLND) last issued its quarterly earnings data on Wednesday, May 20th. The company reported GBX 28.90 earnings per share (EPS) for the quarter. The firm had revenue of £523 million during the quarter. British Land had a return on equity of 7.73% and a net margin of 86.48%. As a group, sell-side analysts forecast that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 305 price target on shares of British Land in a report on Tuesday, June 2nd. The Goldman Sachs Group decreased their price objective on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a report on Monday, March 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 410 target price on shares of British Land in a research note on Wednesday, May 20th. Shore Capital Group reissued a “hold” rating on shares of British Land in a research note on Tuesday, April 21st. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 440 price objective on shares of British Land in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 446.44.

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.