British Land (LON:BLND) Hits New 52-Week High at $467.40

Shares of British Land Company PLC (LON:BLND) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 467.40 ($6.17) and last traded at GBX 459.36 ($6.07), with a volume of 16867018 shares traded. The stock had previously closed at GBX 457.20 ($6.04).

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of British Land in a research note on Wednesday, July 3rd. Berenberg Bank upped their target price on British Land from GBX 469 ($6.20) to GBX 500 ($6.61) and gave the stock a “buy” rating in a research report on Friday, June 7th. Shore Capital reiterated a “buy” rating on shares of British Land in a report on Wednesday, July 3rd. Finally, Citigroup restated a “neutral” rating on shares of British Land in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 404 ($5.34).

British Land Price Performance

The company has a market cap of £4.16 billion, a price-to-earnings ratio of -335.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 45.09. The company has a fifty day moving average price of GBX 414.39 and a two-hundred day moving average price of GBX 403.95.

Insider Buying and Selling

In related news, insider Irvinder Goodhew bought 3,504 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average price of GBX 412 ($5.44) per share, for a total transaction of £14,436.48 ($19,070.65). Insiders acquired 3,611 shares of company stock valued at $1,488,936 over the last quarter. Corporate insiders own 0.23% 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.