Simon Carter, an insider at British Land Company PLC has purchased shares of the company’s stock. The transaction saw Carter acquire the shares at an average price of 404 pence per share.

British Land’s stock opened at 405 pence on Friday. Over the past year, the company’s shares have fluctuated between a low of 287.30 pence and a high of 421.90 pence. The company currently has a market capitalisation of £3.76 billion, with a price-to-earnings ratio of -355.26 and a beta of 1.54. Its 50-day moving average is 387.34 pence, while the 200-day moving average stands at 375.80 pence.

In a research report released on 3rd May, Barclays downgraded British Land to an “equal weight” rating and revised their target price from 432 pence to 405 pence. Among analysts, the stock has received one sell rating, two hold ratings, and three buy ratings, with a consensus price target of 406.80 pence.

British Land Company PLC, one of Europe’s largest listed real estate investment companies, owns or manages a portfolio valued at £13.0 billion, with British Land’s share amounting to £8.9 billion as of 31st March 2023. The portfolio focuses on London Campuses, Retail, and London Urban Logistics assets throughout the UK.