British Land (LON:BLND) Stock Rating Reaffirmed by Shore Capital

British Land (LON:BLND)‘s stock had its “buy” rating reissued by analysts at Shore Capital in a research report issued on Wednesday, Digital Look reports.

Several other research firms also recently weighed in on BLND. Berenberg Bank raised their price objective on British Land from GBX 469 ($5.93) to GBX 500 ($6.32) and gave the company a “buy” rating in a research note on Friday, June 7th. Barclays downgraded British Land to an “equal weight” rating and dropped their price objective for the company from GBX 432 ($5.46) to GBX 405 ($5.12) in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised their price target on British Land from GBX 418 ($5.29) to GBX 460 ($5.82) and gave the stock a “neutral” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, British Land currently has an average rating of “Hold” and a consensus price target of GBX 404 ($5.11).

British Land Price Performance

LON BLND traded up GBX 4.20 ($0.05) during mid-day trading on Wednesday, hitting GBX 411.40 ($5.20). The stock had a trading volume of 2,059,518 shares, compared to its average volume of 3,231,015. British Land has a 52-week low of GBX 287.30 ($3.63) and a 52-week high of GBX 446.80 ($5.65). The company has a market cap of £3.82 billion, a price-to-earnings ratio of -348.74, a P/E/G ratio of 6.76 and a beta of 1.53. The company has a 50 day simple moving average of GBX 413.24 and a 200 day simple moving average of GBX 392.61. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 44.97.

Insiders Place Their Bets

In other British Land news, insider Bhavesh Mistry sold 13,286 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of GBX 419 ($5.30), for a total transaction of £55,668.34 ($70,412.78). Insiders have purchased a total of 112 shares of company stock worth $45,053 over the last quarter. 0.19% of the stock is owned by corporate insiders.

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.