British Land (LON:BLND) Stock Passes Above 200 Day Moving Average of $365.48

Shares of British Land Company PLC (LON:BLND) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 365.48 ($4.51) and traded as high as GBX 393 ($4.85). British Land shares last traded at GBX 393 ($4.85), with a volume of 7,030,000 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank initiated coverage on shares of British Land in a research report on Wednesday, January 10th. They set a “buy” rating and a GBX 469 ($5.79) price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 407.25 ($5.03).

British Land Trading Up 1.6 %

The firm has a market cap of £3.65 billion, a P/E ratio of -344.74, a P/E/G ratio of 6.76 and a beta of 1.54. The business’s 50-day moving average is GBX 374.92 and its two-hundred day moving average is GBX 365.48. The company has a debt-to-equity ratio of 45.41, a current ratio of 0.38 and a quick ratio of 0.25.

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.