Shares of British Land Company PLC (LON:BLND – Get Free Report) have been given a consensus rating of “Hold” by the ten analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 446.44.
Several equities research analysts have issued reports on BLND shares. UBS Group reaffirmed a “neutral” rating and set a GBX 440 target price on shares of British Land in a research note on Monday, May 18th. JPMorgan Chase & Co. reduced their target price 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, June 9th. Berenberg Bank boosted 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. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 305 price objective on shares of British Land in a research note on Tuesday, June 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a GBX 410 price objective on shares of British Land in a report on Wednesday, May 20th.
Get Our Latest Stock Report on British Land
British Land Stock Down 0.3%
Insider Buying and Selling
In related news, insider Simon Carter purchased 36 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of £417.20 per share, for a total transaction of £15,019.20. Also, insider Amanda Mackenzie purchased 18,853 shares of the business’s stock in a transaction that occurred 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. In the last quarter, insiders have acquired 65,478 shares of company stock valued at $27,895,238. 0.52% of the stock is currently owned by company 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.
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