Insider Buying: British Land (LON:BLND) Insider Buys £153.30 in Stock

British Land Company PLC (LON:BLND) insider David Walker purchased 35 shares of British Land stock in a transaction on Friday, August 14th. The stock was bought at an average price of GBX 438 per share, with a total value of £153.30.

David Walker also recently made the following trade(s):

• On Tuesday, July 14th, David Walker acquired 36 shares of British Land stock. The stock was purchased at an average cost of GBX 416 per share, with a total value of £149.76.
• On Friday, June 26th, David Walker acquired 21,148 shares of British Land stock. The stock was acquired at an average price of GBX 422 per share, for a total transaction of £89,244.56.
• On Monday, June 15th, David Walker sold 36,209 shares of British Land stock. The stock was sold at an average price of GBX 420, for a total value of £152,077.80.

British Land Stock Performance

LON:BLND opened at GBX 424.80 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.25 and a debt-to-equity ratio of 52.34. British Land Company PLC has a 12-month low of GBX 318.60 and a 12-month high of GBX 451.60. The stock has a 50-day moving average price of GBX 427.23 and a 200 day moving average price of GBX 402.30. The stock has a market capitalization of £4.35 billion, a P/E ratio of 9.38, a P/E/G ratio of 6.76 and a beta of 1.18.

British Land (LON:BLND) last announced its quarterly earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share (EPS) for the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. The company had revenue of £523 million for the quarter. Equities research analysts forecast that British Land Company PLC will post 29.375 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group reiterated a “neutral” rating and set a GBX 440 target price on shares of British Land in a research report on Monday, May 18th. JPMorgan Chase & Co. reduced their price target on shares of British Land from GBX 440 to GBX 430 and set a “neutral” rating on the stock in a research report on Tuesday, June 9th. Berenberg Bank upped their price target on shares of British Land from GBX 531 to GBX 534 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 305 price objective on shares of British Land in a research report on Tuesday, June 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a GBX 410 price objective on shares of British Land in a research note on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 446.44.

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. 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.