British Land’s (BLND) “Underperform” Rating Reiterated at Jefferies Financial Group
by Amy Steele · The Cerbat GemJefferies Financial Group reissued their underperform rating on shares of British Land (LON:BLND – Free Report) in a research report released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 310 target price on the stock.
Other analysts have also recently issued research reports about the stock. Shore Capital Group reiterated a “hold” rating on shares of British Land in a research note on Thursday, January 29th. The Goldman Sachs Group dropped their price objective on British Land from GBX 510 to GBX 470 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Berenberg Bank upped their target price on British Land from GBX 506 to GBX 539 and gave the company a “buy” rating in a research report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 450.
Get Our Latest Research Report on British Land
British Land Stock Down 0.8%
BLND opened at GBX 394.20 on Tuesday. The stock has a fifty day moving average of GBX 382.26 and a 200-day moving average of GBX 389.75. The company has a market capitalization of £3.94 billion, a P/E ratio of 8.74, a P/E/G ratio of 6.76 and a beta of 1.16. British Land has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 432. The company has a debt-to-equity ratio of 47.52, a quick ratio of 0.25 and a current ratio of 0.28.
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. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.