British Land (OTCMKTS:BTLCY) Shares Gap Up – Still a Buy?

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $5.2650, but opened at $5.4350. British Land shares last traded at $5.4580, with a volume of 2,474 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Kepler Capital Markets cut British Land from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. Morgan Stanley restated an “overweight” rating on shares of British Land in a report on Tuesday, September 1st. Jefferies Financial Group restated an “underperform” rating on shares of British Land in a research note on Wednesday. Finally, Barclays reaffirmed an “overweight” rating on shares of British Land in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, British Land currently has a consensus rating of “Moderate Buy”.

British Land Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32. The company has a 50-day moving average of $5.53 and a 200 day moving average of $5.43.

About British Land

British Land Company plc is a United Kingdom-based real estate investment and development company. Founded in 1856, the company owns, develops and manages a portfolio of commercial property, with activities focused primarily on London and other major UK locations.

Its portfolio includes London offices and mixed-use campuses, retail and leisure destinations, and urban logistics properties. British Land provides property investment, development, asset management and leasing services, working with occupiers across office, retail, logistics and related commercial sectors.

The company’s London activities include large-scale office and mixed-use developments, while its retail business encompasses shopping centres and retail parks serving local and regional communities.