British Land (LON:BLND) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Posted by ABMN Staff on Oct 31st, 2024

British Land Company PLC (LON:BLND – Get Free Report) passed 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BLND shares. Shore Capital reaffirmed a “buy” rating on shares of British Land in a research report on Wednesday, July 3rd. Citigroup restated a “neutral” rating on shares of British Land in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of British Land in a report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, British Land presently has an average rating of “Hold” and a consensus target price of GBX 455 ($5.90).

View Our Latest Stock Analysis on British Land

British Land Stock Performance

The business’s 50 day simple moving average is GBX 427.70 and its two-hundred day simple moving average is GBX 413.57. The firm has a market capitalization of £4.13 billion, a PE ratio of -335.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 45.09.

Insider Buying and Selling at British Land

In other British Land news, insider Mark Aedy purchased 2,120 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were acquired at an average cost of GBX 436 ($5.65) per share, for a total transaction of £9,243.20 ($11,987.03). Insiders bought a total of 2,226 shares of company stock worth $969,471 in the last three months. 0.21% of the stock is currently owned by company insiders.

About British Land

(Get Free Report)

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.