Amanda Mackenzie Buys 18,853 Shares of British Land (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider Amanda Mackenzie acquired 18,853 shares of the stock in a transaction on Wednesday, June 3rd. The stock was bought at an average cost of GBX 396 per share, with a total value of £74,657.88.

British Land Price Performance

British Land stock opened at GBX 405.04 on Friday. The stock has a market cap of £4.15 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 6.76 and a beta of 1.17. 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 Company PLC has a 1 year low of GBX 318.60 and a 1 year high of GBX 432. The firm has a 50-day moving average of GBX 383.17 and a two-hundred day moving average of GBX 391.87.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on BLND. Shore Capital Group reiterated a “hold” rating on shares of British Land in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 510 price target on shares of British Land in a research note on Wednesday, April 22nd. UBS Group restated a “neutral” rating and set a GBX 440 price target on shares of British Land in a research note on Monday, May 18th. Jefferies Financial Group restated an “underperform” rating and set a GBX 305 price target on shares of British Land in a research note on Tuesday. Finally, Berenberg Bank upped their price target on shares of British Land from GBX 531 to GBX 534 and gave the company a “buy” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 448.50.

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.