Shares of British Land Company PLC (LON:BLND – Get Free Report) 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).
Check Out Our Latest Stock Analysis on British Land
British Land Price Performance
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.
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