British Land (LON:BLND) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of British Land Company PLC (LON:BLND) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 391.83 and traded as high as GBX 407.80. British Land shares last traded at GBX 404.14, with a volume of 2,925,439 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on BLND shares. Berenberg Bank restated a “buy” rating and set a GBX 531 price target on shares of British Land in a report on Wednesday, May 20th. UBS Group restated a “neutral” rating and set a GBX 440 price target on shares of British Land in a report on Monday, May 18th. The Goldman Sachs Group cut their price target on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating for the company in a report on Monday, March 30th. Stifel Nicolaus restated a “hold” rating and set a GBX 410 price target on shares of British Land in a report on Wednesday, May 20th. Finally, Shore Capital Group restated a “hold” rating on shares of British Land in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, British Land has a consensus rating of “Hold” and an average price target of GBX 448.13.

British Land Price Performance

The stock has a market cap of £4.14 billion, a PE ratio of 8.96, a PEG ratio of 6.76 and a beta of 1.17. The company has a debt-to-equity ratio of 50.51, a quick ratio of 0.25 and a current ratio of 0.15. The stock’s 50-day moving average is GBX 379.11 and its two-hundred day moving average is GBX 391.83.

British Land (LON:BLND) last posted its quarterly earnings data on Wednesday, May 20th. The company reported GBX 28.90 earnings per share for the quarter. The business had revenue of £523 million during the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. On average, equities analysts predict that British Land Company PLC will post 29.375 earnings per share for the current year.

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.