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

Shares of British Land Company PLC (LON:BLND) have earned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 446.44.

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of British Land from GBX 440 to GBX 430 and set a “neutral” rating for the company in a research report on Tuesday. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 305 price objective on shares of British Land in a research report on Tuesday, June 2nd. Shore Capital Group reissued a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. Berenberg Bank increased their price target on shares of British Land from GBX 531 to GBX 534 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 510 price target on shares of British Land in a research report on Wednesday, April 22nd.

Insider Activity

In other British Land news, insider Amanda Mackenzie purchased 18,853 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of GBX 396 per share, with a total value of £74,657.88. Also, insider Raj Shah purchased 25,300 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average cost of GBX 393 per share, with a total value of £99,429. Insiders purchased 44,354 shares of company stock valued at $17,484,125 in the last three months. Company insiders own 0.47% of the company’s stock.

British Land Stock Up 2.3%

Shares of BLND opened at GBX 419.20 on Friday. The company has a 50-day simple moving average of GBX 389.28 and a 200-day simple moving average of GBX 393.02. The firm has a market capitalization of £4.29 billion, a P/E ratio of 9.25, a P/E/G ratio of 6.76 and a beta of 1.18. The company has a debt-to-equity ratio of 50.51, a quick ratio of 0.25 and a current ratio of 0.15. British Land has a 52 week low of GBX 318.60 and a 52 week high of GBX 432.

British Land (LON:BLND) last announced its quarterly earnings data on Wednesday, May 20th. The company reported GBX 28.90 EPS 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 research analysts expect that British Land 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.