British Land (LON:BLND) Hits New 1-Year High – What’s Next?

British Land Company PLC (LON:BLND) hit a new 52-week high on Friday . The company traded as high as GBX 446.40 and last traded at GBX 445.38, with a volume of 2912842 shares traded. The stock had previously closed at GBX 443.80.

Analyst Ratings Changes

BLND has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 510 target price on shares of British Land in a research note on Wednesday, April 22nd. 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. Berenberg Bank upped their price objective on British Land from GBX 531 to GBX 534 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 305 price target on shares of British Land in a report on Tuesday, June 2nd. Four 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 446.44.

British Land Price Performance

The company has a quick ratio of 0.25, a current ratio of 0.15 and a debt-to-equity ratio of 52.34. The business has a 50-day moving average price of GBX 416.34 and a two-hundred day moving average price of GBX 399.25. The company has a market capitalization of £4.56 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18.

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

Insiders Place Their Bets

In other British Land news, insider David Walker bought 21,148 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was purchased at an average cost of GBX 422 per share, with a total value of £89,244.56. Also, insider Raj Shah acquired 25,300 shares of the stock in a transaction on Wednesday, June 3rd. The stock was bought at an average cost of GBX 393 per share, for a total transaction of £99,429. In the last quarter, insiders bought 65,448 shares of company stock valued at $27,879,719. 0.47% of the stock is owned by company insiders.

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.