David Walker Buys 37 Shares of British Land (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider David Walker purchased 37 shares of the business’s stock in a transaction that occurred on Monday, February 16th. The shares were purchased at an average price of GBX 406 per share, for a total transaction of £150.22.

David Walker also recently made the following trade(s):

• On Wednesday, January 14th, David Walker acquired 37 shares of British Land stock. The shares were bought at an average price of GBX 395 per share, with a total value of £146.15.

British Land Stock Down 0.5%

Shares of BLND stock opened at GBX 413 on Thursday. The firm has a market capitalization of £4.13 billion, a PE ratio of 9.16, a P/E/G ratio of 6.76 and a beta of 1.55. The stock’s 50-day simple moving average is GBX 404.38 and its 200-day simple moving average is GBX 378.11. British Land Company PLC has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 432. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.25 and a current ratio of 0.59.

British Land (LON:BLND) last released 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 analysts expect that British Land Company PLC will post 29.375 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BLND shares. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 308 price objective on shares of British Land in a research report on Thursday, November 20th. Berenberg Bank increased their price target on shares of British Land from GBX 506 to GBX 539 and gave the company a “buy” rating in a research report on Monday, January 26th. Shore Capital Group restated a “hold” rating on shares of British Land in a report on Thursday, January 29th. Finally, Panmure Gordon reaffirmed a “hold” rating and issued a GBX 424 price objective on shares of British Land in a research report on Thursday, November 20th. Two investment 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 441.50.

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.