British Land (LON:BLND) Share Price Breaks Above 200-Day Moving Average – Here’s What Happened

British Land Company PLC (LON:BLND – Get Free Report ) share price broke above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 408.98 ($5.47) and traded as high as GBX 437.80 ($5.86). Shares of British Land last traded at GBX 428.20 ($5.73), with a volume of 3,456,130 shares changing hands.

Changes in Analyst Ratings

Several research analysts recently weighed in on BLND shares. Berenberg Bank upped their target price on shares of British Land from GBX 469 ($6.27) to GBX 500 ($6.69) and gave the stock a “buy” rating in a report on Friday, June 7th . Shore Capital reaffirmed a “buy” rating on shares of British Land in a report on Wednesday, July 3rd. Citigroup reissued a “neutral” rating on shares of British Land in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of British Land in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. British Land currently has an average rating of “Hold” and an average target price of GBX 455 ($6.09), based on data from MarketBeat.

See the latest UK stock analysis

Performance of British land stock

The company has a 50-day simple moving average of GBX 419.45 and a 200-day simple moving average of GBX 408.98. The company has a debt-to-equity ratio of 45.09, a current ratio of 0.59, and a quick ratio of 0.25. The stock has a market cap of £3.97 billion, a P/E ratio of -335.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55.

Insiders place their bets

In other British Land news, insider Irvinder Goodhew bought 3,504 shares of British Land stock in a transaction that occurred on Wednesday, July 10th. The shares were bought at an average price of GBX 412 ($5.51) per share, with a total value of GBX 14,436.48 ($19,310.43). Insiders bought a total of 3,611 shares of company stock worth $1,488,936 in the last quarter. 0.23% of shares are owned by corporate insiders.

British Land company profile

(Get a free report)

Our portfolio of high-quality UK commercial properties is focused on London campuses and London urban retail and logistics assets across the UK. We own or manage a portfolio valued at £13.0 billion (British Land share: £8.9 billion) as at 31 March 2023, making us one of the largest listed real estate investment companies in Europe.

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