British Land (LON:BLND) Earns “Hold” Rating from Shore Capital

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

A number of other equities analysts also recently commented on the stock. Panmure Gordon restated a “hold” rating and issued a GBX 424 target price on shares of British Land in a research note on Thursday, November 20th. Peel Hunt restated a “buy” rating and set a GBX 495 price objective on shares of British Land in a report on Wednesday, October 15th. Berenberg Bank upped their target price on British Land from GBX 506 to GBX 539 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 308 price target on shares of British Land in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 441.50.

British Land Stock Performance

BLND stock opened at GBX 414.80 on Thursday. British Land has a twelve month low of GBX 318.60 and a twelve month high of GBX 423. The firm has a market cap of £4.15 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 6.76 and a beta of 1.55. The business’s fifty day simple moving average is GBX 400.34 and its two-hundred day simple moving average is GBX 372.56. 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 (LON:BLND) last issued its earnings results on Wednesday, November 19th. The company reported GBX 15.40 earnings per share (EPS) for the quarter. British Land had a net margin of 171.35% and a return on equity of 18.53%. Analysts predict that British Land will post 29.375 earnings per share for the current year.

Insider Activity at British Land

In other news, insider Mark Aedy purchased 2,475 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was acquired at an average cost of GBX 394 per share, with a total value of £9,751.50. Insiders have bought 2,627 shares of company stock worth $1,034,254 over the last ninety days. Corporate 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.