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

British Land Company PLC (LON:BLND)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 370.76 ($5.05) and traded as high as GBX 384.80 ($5.24). British Land shares last traded at GBX 383 ($5.21), with a volume of 1,974,498 shares changing hands.

British Land Stock Up 0.4%

The stock’s fifty day moving average is GBX 391.30 and its 200 day moving average is GBX 370.76. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 44.14. The company has a market capitalization of £3.83 billion, a P/E ratio of 4.18, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55.

British Land (LON:BLND) last announced its quarterly earnings results on Thursday, May 22nd. The company reported GBX 28.50 ($0.39) earnings per share (EPS) for the quarter. British Land had a net margin of 171.35% and a return on equity of 18.53%. Research analysts predict that British Land Company PLC will post 29.375 EPS for the current fiscal year.

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.