British Land Company PLC (LON:BLND) Receives Consensus Rating of “Hold” from Brokerages

Shares of British Land Company PLC (LON:BLND) have earned a consensus rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 446.44.

A number of research firms recently commented on BLND. Shore Capital Group reiterated a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 510 target price on shares of British Land in a report on Wednesday, April 22nd. UBS Group reaffirmed a “neutral” rating and set a GBX 440 price target on shares of British Land in a research note on Monday, May 18th. Stifel Nicolaus reiterated a “hold” rating and set a GBX 410 price target on shares of British Land in a report on Wednesday, May 20th. Finally, Berenberg Bank boosted their price objective on shares of British Land from GBX 531 to GBX 534 and gave the company a “buy” rating in a research report on Tuesday, June 2nd.

British Land Stock Performance

British Land stock opened at GBX 442 on Friday. British Land has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 446.40. The company has a market capitalization of £4.53 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 6.76 and a beta of 1.18. The stock has a fifty day moving average of GBX 417.25 and a two-hundred day moving average of GBX 399.55. The company has a debt-to-equity ratio of 52.34, a quick ratio of 0.25 and a current ratio of 0.15.

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. British Land had a return on equity of 7.73% and a net margin of 86.48%.The business had revenue of £523 million for the quarter. On average, analysts anticipate that British Land will post 29.375 EPS for the current fiscal year.

Insider Activity

In other British Land news, insider Amanda Mackenzie purchased 18,853 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was bought at an average cost of GBX 396 per share, for a total transaction of £74,657.88. Also, insider David Walker purchased 21,148 shares of British Land stock in a transaction on Friday, June 26th. The shares were acquired at an average cost of GBX 422 per share, for a total transaction of £89,244.56. Insiders have bought a total of 65,448 shares of company stock worth $27,879,719 in the last three months. 0.47% of the stock is owned by insiders.

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.