British Land (LON:BLND) Stock Crosses Above Two Hundred Day Moving Average of $345.28

British Land Company PLC (LON:BLNDGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 345.28 ($4.36) and traded as high as GBX 376.50 ($4.75). British Land shares last traded at GBX 373 ($4.71), with a volume of 2,220,000 shares changing hands.

Wall Street Analysts Forecast Growth

BLND has been the subject of a number of research analyst reports. Shore Capital reiterated a “hold” rating on shares of British Land in a research note on Monday, November 13th. Berenberg Bank began coverage on shares of British Land in a report on Wednesday, January 10th. They issued a “buy” rating and a GBX 469 ($5.92) price objective on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, British Land currently has a consensus rating of “Hold” and an average price target of GBX 399.80 ($5.05).

Check Out Our Latest Stock Analysis on BLND

British Land Price Performance

The firm’s fifty day moving average price is GBX 389.14 and its 200 day moving average price is GBX 345.28. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 45.41. The stock has a market cap of £3.45 billion, a PE ratio of -324.35, a P/E/G ratio of 6.76 and a beta of 1.54.

Insider Transactions at British Land

In related news, insider Tim Score bought 6,176 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were purchased at an average price of GBX 405 ($5.11) per share, with a total value of £25,012.80 ($31,589.80). Over the last quarter, insiders have purchased 6,251 shares of company stock valued at $2,531,689. 0.19% of the stock is currently owned by corporate insiders.

About British Land

(Get Free Report)

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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