JPMorgan Chase & Co. Has Lowered Expectations for British Land (LON:BLND) Stock Price

British Land (LON:BLND) had its price target lowered by investment analysts at JPMorgan Chase & Co. from GBX 440 to GBX 430 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 7.39% from the company’s current price.

Other research analysts have also recently issued reports about the stock. UBS Group restated a “neutral” rating and set a GBX 440 price target on shares of British Land in a report on Monday, May 18th. Stifel Nicolaus restated a “hold” rating and set a GBX 410 price target on shares of British Land in a report on Wednesday, May 20th. The Goldman Sachs Group cut 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 boosted their price target on shares of British Land from GBX 531 to GBX 534 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Shore Capital Group restated a “hold” rating on shares of British Land in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 446.44.

British Land Stock Up 0.7%

Shares of LON BLND opened at GBX 400.40 on Tuesday. The stock has a market capitalization of £4.10 billion, a P/E ratio of 8.84, a P/E/G ratio of 6.76 and a beta of 1.18. The company has a 50-day moving average price of GBX 384.87 and a 200-day moving average price of GBX 392.13. British Land has a 1 year low of GBX 318.60 and a 1 year high of GBX 432. The company has a debt-to-equity ratio of 50.51, a current ratio of 0.15 and a quick ratio of 0.25.

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

Insider Activity at British Land

In other British Land news, insider Amanda Mackenzie purchased 18,853 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average price of GBX 396 per share, with a total value of £74,657.88. Also, insider Raj Shah purchased 25,300 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average cost of GBX 393 per share, for a total transaction of £99,429. In the last three months, insiders bought 44,354 shares of company stock worth $17,484,125. Insiders own 0.47% of the company’s stock.

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.