British Land Company PLC (LON:BLND) Given Consensus Recommendation of “Hold” by Brokerages

British Land Company PLC (LON:BLND) has been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 446.44.

A number of analysts recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a report on Monday, March 30th. Berenberg Bank upped their price objective 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. JPMorgan Chase & Co. lowered their target price on shares of British Land from GBX 440 to GBX 430 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Shore Capital Group restated a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 510 price target on shares of British Land in a research note on Wednesday, April 22nd.

Insiders Place Their Bets

In other British Land news, insider Simon Carter acquired 36 shares of the business’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 David Walker bought 21,148 shares of British Land stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of GBX 422 per share, with a total value of £89,244.56. Insiders purchased a total of 65,376 shares of company stock valued at $27,849,767 in the last three months. 0.47% of the stock is currently owned by company insiders.

British Land Trading Down 0.1%

Shares of LON:BLND opened at GBX 421.20 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.25 and a debt-to-equity ratio of 52.34. British Land has a 12-month low of GBX 318.60 and a 12-month high of GBX 432. The business has a 50 day moving average of GBX 402.88 and a two-hundred day moving average of GBX 396.42. The company has a market capitalization of £4.32 billion, a PE ratio of 9.30, a PEG ratio of 6.76 and a beta of 1.18.

British Land (LON:BLND) last issued its quarterly earnings data on Wednesday, May 20th. The company reported GBX 28.90 EPS 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%. As a group, analysts forecast that British Land will post 29.375 EPS for the current year.

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.