Analysts Set British Land Company PLC (LON:BLND) Price Target at GBX 446.44

British Land Company PLC (LON:BLND) has been assigned an average recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 446.44.

BLND has been the subject of several research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 410 price target on shares of British Land in a research report on Wednesday, May 20th. Berenberg Bank upped their price target on shares of British Land from GBX 531 to GBX 534 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 510 price target on shares of British Land in a research report on Wednesday, April 22nd. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 305 price objective on shares of British Land in a research note on Tuesday, June 2nd. Finally, UBS Group reiterated a “neutral” rating and set a GBX 440 price objective on shares of British Land in a research note on Monday, May 18th.

British Land Price Performance

Shares of BLND opened at GBX 400.60 on Friday. The company has a 50 day moving average price of GBX 393.66 and a 200-day moving average price of GBX 393.66. British Land has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 432. The stock has a market capitalization of £4.10 billion, a PE ratio of 8.84, a PEG ratio of 6.76 and a beta of 1.18. 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 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. Equities analysts predict that British Land will post 29.375 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Simon Carter acquired 36 shares of British Land stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of £417.20 per share, for a total transaction of £15,019.20. Also, insider Raj Shah acquired 25,300 shares of British Land stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of GBX 393 per share, with a total value of £99,429. In the last 90 days, insiders have bought 44,308 shares of company stock worth $18,955,951. Insiders own 0.47% of the company’s stock.

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.