British Land (LON:BLND) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

British Land Company PLC (LON:BLND)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 367.33 and traded as high as GBX 398.80. British Land shares last traded at GBX 397, with a volume of 287,931,500 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of British Land from GBX 298 to GBX 308 and gave the company an “underperform” rating in a report on Tuesday, October 28th. Shore Capital restated a “hold” rating on shares of British Land in a research note on Wednesday, October 15th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 495 price target on shares of British Land in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 427.67.

British Land Trading Up 1.5%

The stock has a market capitalization of £4.00 billion, a PE ratio of 11.42, a PEG ratio of 6.76 and a beta of 1.55. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 44.14. The business’s 50-day moving average is GBX 357.76 and its two-hundred day moving average is GBX 367.33.

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.