Insider Buying: British Land (LON:BLND) Insider Buys £149.76 in Stock

British Land Company PLC (LON:BLND) insider David Walker acquired 36 shares of British Land stock in a transaction that occurred on Tuesday, July 14th. The stock was acquired at an average cost of GBX 416 per share, for a total transaction of £149.76.

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

• On Friday, June 26th, David Walker acquired 21,148 shares of British Land stock. The shares were bought at an average price of GBX 422 per share, with a total value of £89,244.56.
• On Monday, June 15th, David Walker sold 36,209 shares of British Land stock. The stock was sold at an average price of GBX 420, for a total transaction of £152,077.80.

British Land Price Performance

British Land stock opened at GBX 440 on Friday. The stock has a 50-day moving average price of GBX 405.46 and a two-hundred day moving average price of GBX 397.26. The company has a market capitalization of £4.51 billion, a PE ratio of 9.71, a P/E/G ratio of 6.76 and a beta of 1.18. British Land Company PLC has a 12 month low of GBX 318.60 and a 12 month high of GBX 443.80. 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 (LON:BLND) last posted 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 net margin of 86.48% and a return on equity of 7.73%. Analysts expect that British Land Company PLC will post 29.375 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 510 price target on shares of British Land in a research report on Wednesday, April 22nd. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 305 price target on shares of British Land in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. cut their price target on shares of British Land from GBX 440 to GBX 430 and set a “neutral” rating on the stock in a report on Tuesday, June 9th. UBS Group restated a “neutral” rating and issued a GBX 440 price objective on shares of British Land in a research note on Monday, May 18th. Finally, Stifel Nicolaus restated a “hold” rating and set a GBX 410 price target on shares of British Land in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, British Land has an average rating of “Hold” and a consensus price target of GBX 446.44.

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.