British Land (LON:BLND) Stock Price Passes Above 200-Day Moving Average of $405.85

Shares of British Land Company PLC (LON:BLND) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 405.85 ($5.43) and traded as high as GBX 450 ($6.03). British Land shares last traded at GBX 445.40 ($5.96), with a volume of 1,886,196 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BLND. Shore Capital reaffirmed a “buy” rating on shares of British Land in a research note on Wednesday, July 3rd. Berenberg Bank increased their price target on British Land from GBX 469 ($6.28) to GBX 500 ($6.70) and gave the company a “buy” rating in a report on Friday, June 7th. JPMorgan Chase & Co. restated a “neutral” rating on shares of British Land in a research note on Wednesday, July 3rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of British Land in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, British Land has an average rating of “Hold” and a consensus target price of GBX 455 ($6.09).

British Land Price Performance

The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 45.09. The firm has a market capitalization of £4.13 billion, a price-to-earnings ratio of -335.97, a P/E/G ratio of 6.76 and a beta of 1.55. The stock has a 50 day moving average of GBX 417.35 and a 200 day moving average of GBX 407.05.

Insider Activity

In other British Land news, insider Irvinder Goodhew acquired 3,504 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was purchased at an average price of GBX 412 ($5.52) per share, with a total value of £14,436.48 ($19,331.12). In the last ninety days, insiders bought 3,611 shares of company stock worth $1,488,936. 0.23% of the stock is currently owned by 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.