British Land (LON:BLND) Given “Underperform” Rating at Jefferies Financial Group

British Land (LON:BLND)‘s stock had its “underperform” rating reissued by research analysts at Jefferies Financial Group in a research note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 305 price objective on the stock. Jefferies Financial Group’s target price suggests a potential downside of 21.59% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group cut their target price on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 510 price objective on shares of British Land in a report on Wednesday, April 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 410 price objective on shares of British Land in a research report on Wednesday. UBS Group reissued a “neutral” rating and issued a GBX 440 target price on shares of British Land in a research report on Monday. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 531 target price on shares of British Land in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, British Land currently has an average rating of “Hold” and a consensus target price of GBX 448.13.

British Land Trading Up 0.5%

Shares of British Land stock traded up GBX 1.77 during midday trading on Thursday, reaching GBX 388.97. 3,539,603 shares of the company’s stock traded hands, compared to its average volume of 20,197,285. The stock has a 50 day moving average of GBX 375.74 and a 200-day moving average of GBX 391.38. British Land has a 12 month low of GBX 318.60 and a 12 month high of GBX 432. The company has a market cap of £3.98 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 6.76 and a beta of 1.17. The company has a debt-to-equity ratio of 47.52, a quick ratio of 0.25 and a current ratio of 0.28.

British Land (LON:BLND) last released its quarterly earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share for the quarter. The business had revenue of £523 million for the quarter. British Land had a net margin of 81.27% and a return on equity of 7.75%. As a group, equities analysts expect that British Land will post 29.375 EPS for the current fiscal year.

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. 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.