British Land Company PLC (LON:BLND – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 399.25 and traded as high as GBX 444.80. British Land shares last traded at GBX 443.80, with a volume of 2,662,525 shares.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on BLND shares. JPMorgan Chase & Co. dropped their price objective on British Land from GBX 440 to GBX 430 and set a “neutral” rating for the company in a report on Tuesday, June 9th. Shore Capital Group restated a “hold” rating on shares of British Land in a report on Tuesday, April 21st. UBS Group restated a “neutral” rating and set a GBX 440 target price on shares of British Land in a research report on Monday, May 18th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 305 price target on shares of British Land in a research note on Tuesday, June 2nd. Finally, Berenberg Bank increased their price target on shares of British Land from GBX 531 to GBX 534 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 446.44.
Read Our Latest Stock Analysis on British Land
British Land Price Performance
British Land (LON:BLND – Get Free Report) last posted its earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share (EPS) for the quarter. British Land had a return on equity of 7.73% and a net margin of 86.48%.The firm had revenue of £523 million during the quarter. Equities research analysts predict that British Land Company PLC will post 29.375 EPS for the current fiscal year.
Insiders Place Their Bets
In other British Land news, insider Raj Shah bought 25,300 shares of the 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. Also, insider Amanda Mackenzie bought 18,853 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average price of GBX 396 per share, for a total transaction of £74,657.88. Insiders have acquired a total of 65,448 shares of company stock valued at $27,879,719 over the last 90 days. 0.47% of the stock is owned by company insiders.
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.
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