Insider Buying: British Land (LON:BLND) Insider Purchases £149.76 in Stock

British Land Company PLC (LON:BLND) insider Simon Carter acquired 36 shares of the firm’s stock in a transaction on Tuesday, July 14th. The stock was purchased at an average price of GBX 416 per share, with a total value of £149.76.

Simon Carter also recently made the following trade(s):

• On Monday, June 15th, Simon Carter acquired 36 shares of British Land stock. The shares were purchased at an average cost of £417.20 per share, with a total value of £15,019.20.
• On Thursday, May 14th, Simon Carter bought 39 shares of British Land stock. The shares were acquired at an average price of GBX 377 per share, for a total transaction of £147.03.

British Land Stock Up 1.8%

Shares of British Land stock traded up GBX 7.80 during trading on Thursday, hitting GBX 432.60. The company’s stock had a trading volume of 3,068,667 shares, compared to its average volume of 29,925,875. British Land Company PLC has a 52 week low of GBX 318.60 and a 52 week high of GBX 433.20. The company has a market capitalization of £4.43 billion, a PE ratio of 9.55, a P/E/G ratio of 6.76 and a beta of 1.18. The company has a fifty day simple moving average of GBX 403.50 and a two-hundred day simple moving average of GBX 396.65. The company has a debt-to-equity ratio of 52.34, a quick ratio of 0.25 and a current ratio of 0.15.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BLND shares. Stifel Nicolaus reiterated a “hold” rating and set a GBX 410 price target on shares of British Land in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 510 price objective on shares of British Land in a report on Wednesday, April 22nd. Berenberg Bank upped their target price on shares of British Land from GBX 531 to GBX 534 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group dropped 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. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 305 price objective on shares of British Land in a report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, British Land presently has an average rating of “Hold” and an average target price of GBX 446.44.

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.