British Land Company PLC (LON:BLND – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 405.85 ($5.43) and traded as high as GBX 450 ($6.03). British Land shares last traded at GBX 445.40 ($5.96), with a volume of 1,886,196 shares changing hands.
Analyst Ratings Changes
A number of research firms have weighed in on BLND. Shore Capital reissued a “buy” rating on shares of British Land in a research report on Wednesday, July 3rd. Citigroup reaffirmed a “neutral” rating on shares of British Land in a research report on Thursday, July 25th. Berenberg Bank increased their target price on British Land from GBX 469 ($6.28) to GBX 500 ($6.70) and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of British Land in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, British Land presently has an average rating of “Hold” and a consensus target price of GBX 403.75 ($5.41).
Read Our Latest Analysis on BLND
British Land Trading Up 0.5 %
Insider Buying and Selling at British Land
In other British Land news, insider Irvinder Goodhew bought 3,504 shares of British Land stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average cost of GBX 412 ($5.52) per share, with a total value of £14,436.48 ($19,331.12). Over the last 90 days, insiders purchased 3,611 shares of company stock worth $1,488,936. 0.23% of the stock is currently owned by insiders.
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.
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