Insider Buying: British Land Company PLC (LON:BLND) Insider Acquires £151.14 in Stock

British Land Company PLC (LON:BLND) insider Bhavesh Mistry purchased 33 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was acquired at an average price of GBX 458 ($6.05) per share, with a total value of £151.14 ($199.66).

Bhavesh Mistry also recently made the following trade(s):

• On Monday, July 15th, Bhavesh Mistry purchased 36 shares of British Land stock. The stock was acquired at an average price of GBX 417 ($5.51) per share, with a total value of £150.12 ($198.31).

British Land Trading Up 0.3 %

LON:BLND opened at GBX 458.80 ($6.06) on Friday. The firm has a market cap of £4.26 billion, a P/E ratio of -335.97, a P/E/G ratio of 6.76 and a beta of 1.55. British Land Company PLC has a 52 week low of GBX 287.30 ($3.80) and a 52 week high of GBX 467.80 ($6.18). The firm’s fifty day moving average is GBX 413.47 and its 200-day moving average is GBX 403.25. The company has a debt-to-equity ratio of 45.09, a quick ratio of 0.25 and a current ratio of 0.59.

Analysts Set New Price Targets

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

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.