Raj Shah Buys 25,300 Shares of British Land (LON:BLND) Stock

British Land Company PLC (LON:BLND) insider Raj Shah purchased 25,300 shares of British Land stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average cost of GBX 393 per share, with a total value of £99,429.

British Land Price Performance

Shares of BLND opened at GBX 405.04 on Friday. The company has a market capitalization of £4.15 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 6.76 and a beta of 1.17. The company has a quick ratio of 0.25, a current ratio of 0.15 and a debt-to-equity ratio of 50.51. The firm has a 50 day moving average of GBX 383.17 and a 200 day moving average of GBX 391.87. British Land Company PLC has a twelve month low of GBX 318.60 and a twelve month high of GBX 432.

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. The company had revenue of £523 million during the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. As a group, equities research analysts anticipate that British Land Company PLC will post 29.375 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLND has been the topic of several research reports. The Goldman Sachs Group dropped their target price on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a report on Monday, March 30th. Berenberg Bank raised their target price on shares of British Land from GBX 531 to GBX 534 and gave the stock a “buy” rating in a report on Tuesday. UBS Group restated a “neutral” rating and issued a GBX 440 target price on shares of British Land in a report on Monday, May 18th. Shore Capital Group restated a “hold” rating on shares of British Land in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 510 target price on shares of British Land in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.