British Land (LON:BLND) Lowered to “Equal Weight” at Barclays

Barclays lowered shares of British Land (LON:BLND) to an equal weight rating in a report issued on Friday, MarketBeat reports. Barclays currently has GBX 405 ($5.09) price target on the stock, down from their prior price target of GBX 432 ($5.43).

Separately, Berenberg Bank started coverage on shares of British Land in a research note on Wednesday, January 10th. They issued a buy rating and a GBX 469 ($5.89) price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of GBX 406.80 ($5.11).

British Land Price Performance

BLND opened at GBX 403.60 ($5.07) on Friday. The stock has a market capitalization of £3.74 billion, a PE ratio of -354.04, a P/E/G ratio of 6.76 and a beta of 1.54. The company has a debt-to-equity ratio of 45.41, a quick ratio of 0.25 and a current ratio of 0.38. British Land has a 1 year low of GBX 287.30 ($3.61) and a 1 year high of GBX 421.90 ($5.30). The company’s 50 day simple moving average is GBX 379.42 and its 200 day simple moving average is GBX 370.67.

British Land Company Profile

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.