British Land (LON:BLND – Get Free Report) had its target price cut by JPMorgan Chase & Co. from GBX 440 to GBX 430 in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 7.39% from the stock’s current price.
A number of other analysts have also weighed in on BLND. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 305 target price on shares of British Land in a report on Tuesday, June 2nd. The Goldman Sachs Group decreased their target price on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a report on Monday, March 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 410 target price on shares of British Land in a report on Wednesday, May 20th. Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 510 target price on shares of British Land in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, British Land currently has an average rating of “Hold” and a consensus target price of GBX 446.44.
Read Our Latest Research Report on British Land
British Land Stock Performance
British Land (LON:BLND – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share (EPS) for the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. The company had revenue of £523 million for the quarter. Sell-side analysts predict that British Land will post 29.375 earnings per share for the current year.
Insider Buying and Selling
In other news, insider Raj Shah bought 25,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average price of GBX 393 per share, with a total value of £99,429. Also, insider Amanda Mackenzie purchased 18,853 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was bought at an average cost of GBX 396 per share, with a total value of £74,657.88. Insiders have purchased a total of 44,354 shares of company stock worth $17,484,125 in the last ninety days. 0.47% of the stock is currently owned by insiders.
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.
Featured Articles
- Five stocks we like better than British Land
- Walmart’s No. 2 Ranking Hides a Digital Transformation Story
- Campbell’s Soup Stock: Deep Value and a 7% Dividend Yield
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
Receive News & Ratings for British Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British Land and related companies with MarketBeat.com's FREE daily email newsletter.
