British Land (LON:BLND) Shares Pass Above 200 Day Moving Average of $368.24

British Land Company PLC (LON:BLND)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 368.24 ($4.63) and traded as high as GBX 391.40 ($4.92). British Land shares last traded at GBX 388.80 ($4.88), with a volume of 3,520,000 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank assumed coverage on British Land in a report on Wednesday, January 10th. They issued a “buy” rating and a GBX 469 ($5.89) price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, British Land has an average rating of “Hold” and an average price target of GBX 407.25 ($5.12).

British Land Price Performance

The company has a debt-to-equity ratio of 45.41, a current ratio of 0.38 and a quick ratio of 0.25. The business’s fifty day moving average price is GBX 377 and its 200-day moving average price is GBX 368.24. The stock has a market capitalization of £3.61 billion, a price-to-earnings ratio of -341.05, a PEG ratio of 6.76 and a beta of 1.54.

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.