Insider Buying: British Land (LON:BLND) Insider Purchases £150.22 in Stock

British Land Company PLC (LON:BLND) insider Simon Carter acquired 37 shares of the firm’s stock in a transaction on Monday, February 16th. The stock was purchased at an average cost of GBX 406 per share, with a total value of £150.22.

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

• On Wednesday, January 14th, Simon Carter bought 37 shares of British Land stock. The shares were acquired at an average cost of GBX 395 per share, for a total transaction of £146.15.

British Land Trading Up 0.0%

LON:BLND opened at GBX 413.01 on Friday. The stock has a market cap of £4.13 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. British Land Company PLC has a one year low of GBX 318.60 and a one year high of GBX 432. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.25 and a current ratio of 0.59. The business’s 50-day simple moving average is GBX 404.99 and its 200 day simple moving average is GBX 378.36.

British Land (LON:BLND) last issued its quarterly earnings data on Wednesday, November 19th. The company reported GBX 15.40 earnings per share for the quarter. British Land had a return on equity of 18.53% and a net margin of 171.35%. As a group, sell-side analysts predict that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BLND. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 308 price target on shares of British Land in a report on Thursday, November 20th. Panmure Gordon reissued a “hold” rating and issued a GBX 424 target price on shares of British Land in a research report on Thursday, November 20th. Berenberg Bank increased their price target on shares of British Land from GBX 506 to GBX 539 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Shore Capital Group reiterated a “hold” rating on shares of British Land in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 441.50.

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. 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.