Shore Capital Reiterates “Hold” Rating for British Land (LON:BLND)

British Land (LON:BLND)‘s stock had its “hold” rating restated by investment analysts at Shore Capital in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

Other equities analysts have also recently issued reports about the company. Peel Hunt reissued a “buy” rating and set a GBX 495 price target on shares of British Land in a report on Wednesday, October 15th. Berenberg Bank reissued a “buy” rating and issued a GBX 506 target price on shares of British Land in a report on Wednesday, November 19th. Panmure Gordon reaffirmed a “hold” rating and set a GBX 424 price target on shares of British Land in a research report on Thursday, November 20th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 308 price objective on shares of British Land in a report on Thursday, November 20th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 433.25.

British Land Stock Performance

BLND stock opened at GBX 410.80 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 44.14. British Land has a 12-month low of GBX 318.60 and a 12-month high of GBX 423. The stock has a market capitalization of £4.11 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The stock’s 50 day simple moving average is GBX 396.24 and its 200 day simple moving average is GBX 370.15.

British Land (LON:BLND) last issued 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%. As a group, research analysts forecast that British Land will post 29.375 earnings per share for the current fiscal year.

Insider Activity

In other British Land news, insider Mark Aedy bought 2,475 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were bought at an average price of GBX 394 per share, with a total value of £9,751.50. Insiders bought a total of 2,627 shares of company stock worth $1,034,254 in the last three months. Company insiders own 0.55% of the company’s stock.

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.