British Land (LON:BLND) Share Price Crosses Above 200-Day Moving Average – What’s Next?

British Land Company PLC (LON:BLND)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 366.76 and traded as high as GBX 387.40. British Land shares last traded at GBX 385.80, with a volume of 3,223,229 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BLND shares. Jefferies Financial Group lifted their price objective on shares of British Land from GBX 298 to GBX 308 and gave the company an “underperform” rating in a research note on Tuesday. Peel Hunt reiterated a “buy” rating and issued a GBX 495 price objective on shares of British Land in a research note on Wednesday, October 15th. Finally, Shore Capital reiterated a “hold” rating on shares of British Land in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 427.67.

British Land Stock Performance

The company’s fifty day simple moving average is GBX 351.26 and its 200 day simple moving average is GBX 366.76. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 44.14. The stock has a market capitalization of £3.83 billion, a P/E ratio of 10.94, a P/E/G ratio of 6.76 and a beta of 1.55.

Insider Buying and Selling

In other news, insider Mark Aedy purchased 14,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was purchased at an average cost of GBX 353 per share, with a total value of £49,420. Over the last ninety days, insiders have acquired 14,258 shares of company stock valued at $5,031,770. 0.55% 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.