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

British Land Company PLC (LON:BLND) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 412.49 ($5.36) and traded as high as GBX 426.40 ($5.54). British Land shares last traded at GBX 421.40 ($5.47), with a volume of 4,141,313 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on BLND shares. Citigroup restated a “neutral” rating on shares of British Land in a research report on Thursday, July 25th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of British Land in a research report on Wednesday, July 3rd. Finally, Shore Capital reiterated a “buy” rating on shares of British Land in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 455 ($5.91).

British Land Stock Down 0.4 %

The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 45.09. The firm has a market cap of £4.18 billion, a PE ratio of -335.97, a P/E/G ratio of 6.76 and a beta of 1.55. The firm’s 50 day moving average is GBX 425.58 and its 200-day moving average is GBX 412.68.

Insider Activity at British Land

In other news, insider Mark Aedy acquired 2,120 shares of British Land stock in a transaction that occurred on Tuesday, October 8th. The shares were acquired at an average price of GBX 436 ($5.66) per share, with a total value of £9,243.20 ($12,001.04). Over the last 90 days, insiders have bought 2,226 shares of company stock valued at $969,471. Company insiders own 0.21% of the company’s stock.

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.