Mark Aedy Acquires 2,475 Shares of British Land (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider Mark Aedy acquired 2,475 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were bought at an average cost of GBX 394 per share, with a total value of £9,751.50.

British Land Stock Down 0.1%

British Land stock opened at GBX 415.40 on Friday. British Land Company PLC has a one year low of GBX 318.60 and a one year high of GBX 423. The stock has a market cap of £4.15 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.25 and a current ratio of 0.59. The stock has a fifty day moving average of GBX 393.50 and a 200 day moving average of GBX 367.91.

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

Analyst Ratings Changes

Several research firms recently weighed in on BLND. 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. Shore Capital reissued a “hold” rating on shares of British Land in a research note on Wednesday, November 19th. 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. Peel Hunt restated a “buy” rating and issued a GBX 495 price target on shares of British Land in a report on Wednesday, October 15th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 506 price objective on shares of British Land in a research report on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, British Land currently has an average rating of “Hold” and an average target price of GBX 433.25.

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.