British Land (LON:BLND) Earns Hold Rating from Shore Capital

British Land (LON:BLND)‘s stock had its “hold” rating reaffirmed by Shore Capital in a research note issued on Wednesday,Digital Look reports.

Several other equities research analysts also recently weighed in on BLND. Peel Hunt restated a “buy” rating and set a GBX 495 price target on shares of British Land in a report on Wednesday, October 15th. Berenberg Bank restated a “buy” rating and set a GBX 506 target price on shares of British Land in a research note on Wednesday, November 19th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 424 target price on shares of British Land in a report on Thursday, November 20th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 308 price target on shares of British Land in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 433.25.

British Land Trading Up 0.2%

Shares of LON:BLND traded up GBX 1 during mid-day trading on Wednesday, reaching GBX 406.40. 309,287,656 shares of the company were exchanged, compared to its average volume of 26,548,631. The firm has a market cap of £4.06 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 6.76 and a beta of 1.55. The company has a debt-to-equity ratio of 44.14, a current ratio of 0.59 and a quick ratio of 0.25. British Land has a 1 year low of GBX 318.60 and a 1 year high of GBX 423. The firm’s 50-day simple moving average is GBX 395.81 and its 200 day simple moving average is GBX 369.61.

British Land (LON:BLND) last released its quarterly earnings results on Wednesday, November 19th. The company reported GBX 15.40 EPS for the quarter. British Land had a return on equity of 18.53% and a net margin of 171.35%. Equities research analysts forecast that British Land will post 29.375 EPS for the current year.

Insiders Place Their Bets

In related news, insider Mark Aedy acquired 2,475 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was bought at an average price of GBX 394 per share, for a total transaction of £9,751.50. Insiders have acquired 2,627 shares of company stock valued at $1,034,254 over the last three months. 0.55% of the stock is owned by 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.