British Land (LON:BLND) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of British Land Company PLC (LON:BLND) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 413.57 ($5.36) and traded as high as GBX 425.60 ($5.52). British Land shares last traded at GBX 413.60 ($5.36), with a volume of 5,964,867 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a “neutral” rating on shares of British Land in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 455 ($5.90).

British Land Stock Performance

The business has a 50-day moving average of GBX 427.67 and a two-hundred day moving average of GBX 413.64. The company has a market cap of £3.96 billion, a P/E ratio of -335.97, a P/E/G ratio of 6.76 and a beta of 1.55. The company has a debt-to-equity ratio of 45.09, a current ratio of 0.59 and a quick ratio of 0.25.

Insiders Place Their Bets

In other British Land news, insider Mark Aedy purchased 2,120 shares of the stock in a transaction on Tuesday, October 8th. The stock was acquired at an average price of GBX 436 ($5.65) per share, with a total value of £9,243.20 ($11,987.03). Over the last 90 days, insiders acquired 2,226 shares of company stock valued at $969,471. 0.21% of the stock is currently owned by corporate insiders.

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.