British Land (LON:BLND) Given New GBX 539 Price Target at Berenberg Bank

British Land (LON:BLND) had its price target upped by research analysts at Berenberg Bank from GBX 506 to GBX 539 in a research report issued on Monday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 31.08% from the company’s current price.

Several other brokerages also recently commented on BLND. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 308 price target on shares of British Land in a report on Thursday, November 20th. Shore Capital reissued a “hold” rating on shares of British Land in a research note on Wednesday, January 21st. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 424 price target on shares of British Land in a research note on Thursday, November 20th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 495 price objective on shares of British Land in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, British Land presently has an average rating of “Hold” and an average target price of GBX 441.50.

British Land Price Performance

Shares of LON:BLND traded down GBX 0.40 during trading on Monday, hitting GBX 411.20. 5,033,699 shares of the company’s stock were exchanged, compared to its average volume of 4,533,066. The business’s 50-day simple moving average is GBX 397.29 and its 200 day simple moving average is GBX 371.09. The company has a market cap of £4.11 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 6.76 and a beta of 1.55. British Land has a 52-week low of GBX 318.60 and a 52-week high of GBX 423. 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 (LON:BLND) last posted its 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%. As a group, equities analysts predict that British Land will post 29.375 EPS for the current year.

Insider Buying and Selling at British Land

In other British Land news, insider Mark Aedy purchased 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, with a total value of £9,751.50. Insiders have purchased a total of 2,627 shares of company stock valued at $1,034,254 in the last ninety days. Insiders own 0.55% of the company’s stock.

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.