British Land Company PLC (LON:BLND) Receives Average Recommendation of “Hold” from Analysts

British Land Company PLC (LON:BLND) has earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 446.44.

Several equities research analysts have recently weighed in on BLND shares. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 305 target price on shares of British Land in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 510 price target on shares of British Land in a report on Wednesday, April 22nd. Stifel Nicolaus reissued a “hold” rating and issued a GBX 410 price objective on shares of British Land in a research note on Wednesday, May 20th. Berenberg Bank increased their target price on British Land from GBX 531 to GBX 534 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, Shore Capital Group reiterated a “hold” rating on shares of British Land in a research report on Tuesday, April 21st.

Insider Activity at British Land

In related news, insider David Walker bought 21,148 shares of the company’s stock in a transaction on Friday, June 26th. The shares were acquired at an average cost of GBX 422 per share, for a total transaction of £89,244.56. Also, insider Amanda Mackenzie bought 18,853 shares of British Land stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average cost of GBX 396 per share, for a total transaction of £74,657.88. Over the last 90 days, insiders have purchased 65,456 shares of company stock worth $27,880,407. Corporate insiders own 0.47% of the company’s stock.

British Land Price Performance

LON:BLND opened at GBX 420.20 on Wednesday. The firm has a market capitalization of £4.31 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 6.76 and a beta of 1.18. The company has a debt-to-equity ratio of 52.34, a current ratio of 0.15 and a quick ratio of 0.25. The business has a 50 day simple moving average of GBX 399.37 and a 200-day simple moving average of GBX 395.37. British Land has a 1 year low of GBX 318.60 and a 1 year high of GBX 432.

British Land (LON:BLND) last released its earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share for the quarter. The firm had revenue of £523 million for the quarter. British Land had a return on equity of 7.73% and a net margin of 86.48%. Equities analysts forecast that British Land will post 29.375 EPS for the current year.

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.