British Land (LON:BLND) Price Target Raised to GBX 539

British Land (LON:BLND) had its target price boosted by Berenberg Bank from GBX 506 to GBX 539 in a research note released on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently commented on BLND. Jefferies Financial Group restated an “underperform” rating and set a GBX 308 price objective on shares of British Land in a research note on Thursday, November 20th. Shore Capital reiterated a “hold” rating on shares of British Land in a report on Wednesday, January 21st. Panmure Gordon restated a “hold” rating and issued a GBX 424 price target on shares of British Land in a research note on Thursday, November 20th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 495 price target on shares of British Land in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 441.50.

British Land Price Performance

LON BLND opened at GBX 415.70 on Monday. 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 12-month low of GBX 318.60 and a 12-month high of GBX 423. The company has a market capitalization of £4.16 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The firm’s 50 day moving average is GBX 398.75 and its 200-day moving average is GBX 371.82.

British Land (LON:BLND) last announced its earnings results on Wednesday, November 19th. The company reported GBX 15.40 EPS for the quarter. British Land had a net margin of 171.35% and a return on equity of 18.53%. Equities research analysts anticipate 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 acquired 2,475 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was bought at an average cost of GBX 394 per share, with a total value of £9,751.50. Insiders purchased 2,627 shares of company stock valued at $1,034,254 over the last ninety days. Company 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.