British Land (LON:BLND) Insider Sells £152,077.80 in Stock

British Land Company PLC (LON:BLND) insider David Walker sold 36,209 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of GBX 420, for a total value of £152,077.80.

David Walker also recently made the following trade(s):

• On Tuesday, April 14th, David Walker purchased 40 shares of British Land stock. The stock was purchased at an average price of GBX 383 per share, with a total value of £153.20.

British Land Stock Performance

BLND stock traded down GBX 5.65 during trading hours on Wednesday, hitting GBX 414.95. 9,005,530 shares of the stock were exchanged, compared to its average volume of 24,741,588. The company has a 50-day simple moving average of GBX 391.58 and a two-hundred day simple moving average of GBX 393.61. The firm has a market capitalization of £4.25 billion, a P/E ratio of 9.16, a P/E/G ratio of 6.76 and a beta of 1.18. British Land Company PLC has a 12 month low of GBX 318.60 and a 12 month high of GBX 432. 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 (LON:BLND) last released its quarterly earnings results on Wednesday, May 20th. The company reported GBX 28.90 EPS for the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. The business had revenue of £523 million for the quarter. On average, analysts forecast that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLND has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 510 target price on shares of British Land in a report on Wednesday, April 22nd. The Goldman Sachs Group lowered their price target on British Land from GBX 510 to GBX 470 and set a “buy” rating for the company in a report on Monday, March 30th. Berenberg Bank raised their price objective on British Land from GBX 531 to GBX 534 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group reissued an “underperform” rating and set a GBX 305 target price on shares of British Land in a research note on Tuesday, June 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 410 price target on shares of British Land in a report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 446.44.

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.