Simon Carter Buys 36 Shares of British Land (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider Simon Carter purchased 36 shares of the business’s stock in a transaction that occurred on Tuesday, July 14th. The shares were purchased at an average cost of GBX 416 per share, with a total value of £149.76.

Simon Carter also recently made the following trade(s):

• On Monday, June 15th, Simon Carter purchased 36 shares of British Land stock. The stock was purchased at an average price of £417.20 per share, for a total transaction of £15,019.20.
• On Thursday, May 14th, Simon Carter acquired 39 shares of British Land stock. The shares were purchased at an average cost of GBX 377 per share, for a total transaction of £147.03.

British Land Price Performance

Shares of British Land stock opened at GBX 440 on Friday. The stock has a market capitalization of £4.51 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 6.76 and a beta of 1.18. The firm’s 50-day moving average price is GBX 405.46 and its two-hundred day moving average price is GBX 397.26. The company has a current ratio of 0.15, a quick ratio of 0.25 and a debt-to-equity ratio of 52.34. British Land Company PLC has a 1-year low of GBX 318.60 and a 1-year high of GBX 443.80.

British Land (LON:BLND) last announced its earnings results on Wednesday, May 20th. The company reported GBX 28.90 EPS for the quarter. The business 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%. On average, equities analysts predict that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLND has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 305 price objective on shares of British Land in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 510 price target on shares of British Land in a report on Wednesday, April 22nd. Shore Capital Group reiterated a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. Stifel Nicolaus reissued a “hold” rating and set a GBX 410 price objective on shares of British Land in a report on Wednesday, May 20th. Finally, UBS Group restated a “neutral” rating and issued a GBX 440 price objective on shares of British Land in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, British Land presently has a consensus rating of “Hold” and a consensus target price of GBX 446.44.

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.