The Goldman Sachs Group Cuts British Land (LON:BLND) Price Target to GBX 470

British Land (LON:BLND) had its price objective trimmed by The Goldman Sachs Group from GBX 510 to GBX 470 in a research note issued to investors on Monday,London Stock Exchange reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a report on Thursday, January 29th. Berenberg Bank boosted their price target on shares of British Land from GBX 506 to GBX 539 and gave the stock a “buy” rating in a research note on Monday, January 26th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 447.20.

British Land Trading Up 2.7%

BLND stock opened at GBX 365 on Monday. The company has a market capitalization of £3.65 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 6.76 and a beta of 1.17. The company has a debt-to-equity ratio of 47.52, a quick ratio of 0.25 and a current ratio of 0.28. British Land has a one year low of GBX 318.60 and a one year high of GBX 432. The company’s 50 day moving average price is GBX 392.18 and its two-hundred day moving average price is GBX 385.82.

Insider Buying and Selling at British Land

In other news, insider Mark Aedy bought 2,475 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were purchased at an average price of GBX 394 per share, for a total transaction of £9,751.50. Insiders purchased a total of 2,705 shares of company stock worth $1,064,518 over the last ninety days. Corporate insiders own 0.48% of the company’s stock.

About British Land

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. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.