British Land (LON:BLND) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

British Land Company PLC (LON:BLND) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 367.86 and traded as high as GBX 393. British Land shares last traded at GBX 389, with a volume of 228,212,453 shares trading hands.

Analyst Ratings Changes

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

British Land Price Performance

The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.25 and a current ratio of 0.59. The company has a market cap of £3.89 billion, a P/E ratio of 11.11, a P/E/G ratio of 6.76 and a beta of 1.55. The firm’s fifty day moving average is GBX 364.66 and its two-hundred day moving average is GBX 367.71.

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.