British Land (OTCMKTS:BTLCY) Shares Gap Down – Should You Sell?

by · The Markets Daily

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $5.56, but opened at $5.37. British Land shares last traded at $5.37, with a volume of 1,254 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group upgraded British Land from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of British Land in a report on Friday. Finally, Panmure Gordon raised British Land to a “buy” rating in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Read Our Latest Research Report on British Land

British Land Price Performance

The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $5.00 and a 200 day moving average of $4.91.

British Land Company Profile

(Get Free Report)

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.

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