Insider Buying: British Land (LON:BLND) Insider Acquires £149.65 in Stock

British Land Company PLC (LON:BLND) insider Simon Carter purchased 41 shares of the company’s stock in a transaction dated Tuesday, October 14th. The stock was purchased at an average cost of GBX 365 per share, for a total transaction of £149.65.

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

• On Monday, September 15th, Simon Carter acquired 44 shares of British Land stock. The stock was bought at an average price of GBX 336 per share, for a total transaction of £147.84.
• On Thursday, August 14th, Simon Carter acquired 44 shares of British Land stock. The stock was bought at an average price of GBX 344 per share, for a total transaction of £151.36.
• On Monday, July 21st, Simon Carter sold 96,808 shares of British Land stock. The shares were sold at an average price of GBX 358, for a total transaction of £346,572.64.

British Land Trading Down 0.5%

Shares of British Land stock opened at GBX 372.20 on Friday. The company’s fifty day moving average price is GBX 344.89 and its two-hundred day moving average price is GBX 364.62. British Land Company PLC has a 52-week low of GBX 318.60 and a 52-week high of GBX 436.40. The company has a debt-to-equity ratio of 44.14, a current ratio of 0.59 and a quick ratio of 0.25. The firm has a market capitalization of £3.72 billion, a PE ratio of 1,063.43, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55.

Analysts Set New Price Targets

Several research firms have recently commented on BLND. Shore Capital reissued a “hold” rating on shares of British Land in a report on Wednesday. Peel Hunt reissued a “buy” rating and issued a GBX 495 price objective on shares of British Land in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, British Land has a consensus rating of “Moderate Buy” and a consensus target price of GBX 487.50.

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.