British Land (LON:BLND) Price Target Raised to GBX 308

by · The Cerbat Gem

British Land (LON:BLND – Free Report) had its target price increased by Jefferies Financial Group from GBX 298 to GBX 308 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have an underperform rating on the stock.

BLND has been the subject of several other reports. Shore Capital reiterated a “hold” rating on shares of British Land in a report on Wednesday, October 15th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 495 price objective on shares of British Land in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 427.67.

Read Our Latest Stock Report on BLND

British Land Stock Performance

Shares of LON BLND opened at GBX 383.80 on Tuesday. The company has a market cap of £3.84 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. British Land has a 12 month low of GBX 318.60 and a 12 month high of GBX 413.80. The company has a debt-to-equity ratio of 44.14, a current ratio of 0.59 and a quick ratio of 0.25. The company has a 50-day simple moving average of GBX 352.06 and a 200-day simple moving average of GBX 366.87.

Insiders Place Their Bets

In other British Land news, insider Mark Aedy acquired 14,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was bought at an average cost of GBX 353 per share, for a total transaction of £49,420. Insiders have purchased 14,258 shares of company stock worth $5,031,770 over the last 90 days. Insiders own 0.55% of the company’s stock.

About British Land

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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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