British Land (LON:BLND) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of British Land Company PLC (LON:BLND) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 391.83 and traded as high as GBX 407.80. British Land shares last traded at GBX 404.14, with a volume of 2,925,439 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently commented on BLND. Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 410 price target on shares of British Land in a research report on Wednesday, May 20th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 305 price objective on shares of British Land in a research note on Thursday, May 21st. Berenberg Bank reiterated a “buy” rating and set a GBX 531 price objective on shares of British Land in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 510 price objective on shares of British Land in a research note on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, British Land currently has an average rating of “Hold” and a consensus price target of GBX 448.13.

British Land Stock Performance

The company has a debt-to-equity ratio of 50.51, a quick ratio of 0.25 and a current ratio of 0.15. The stock’s fifty day moving average is GBX 379.11 and its two-hundred day moving average is GBX 391.83. The firm has a market cap of £4.14 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 6.76 and a beta of 1.17.

British Land (LON:BLND) last released its quarterly earnings data on Wednesday, May 20th. The company reported GBX 28.90 earnings per share for the quarter. The business had revenue of £523 million for the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. On average, analysts expect that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

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.