British Land Company PLC (LON:BLND – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 397.19 ($5.22) and traded as high as GBX 420.80 ($5.53). British Land shares last traded at GBX 420.80 ($5.53), with a volume of 2,052,320 shares trading hands.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on BLND shares. Citigroup reissued a “neutral” rating on shares of British Land in a research note on Thursday, July 25th. Shore Capital reissued a “buy” rating on shares of British Land in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of British Land in a research note on Wednesday, July 3rd. Finally, Berenberg Bank upped their price target on shares of British Land from GBX 469 ($6.17) to GBX 500 ($6.57) and gave the stock a “buy” rating in a research report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 404 ($5.31).
Read Our Latest Stock Report on British Land
British Land Trading Down 0.3 %
Insiders Place Their Bets
In other news, insider Irvinder Goodhew acquired 3,504 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were purchased at an average price of GBX 412 ($5.42) per share, for a total transaction of £14,436.48 ($18,982.88). Insiders have bought 3,613 shares of company stock worth $1,488,767 in the last quarter. 0.22% 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.
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