British Land (OTCMKTS:BTLCY) Reaches New 12-Month High – Here’s What Happened

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) hit a new 52-week high during trading on Thursday . The stock traded as high as $5.62 and last traded at $5.5825, with a volume of 3119 shares traded. The stock had previously closed at $5.50.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BTLCY shares. UBS Group raised shares of British Land from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Panmure Gordon upgraded shares of British Land to a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

British Land Stock 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 business has a 50 day moving average price of $4.96 and a 200 day moving average price of $4.91.

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.