British Land Company PLC (LON:BLND) Receives Average Recommendation of “Hold” from Analysts

Shares of British Land Company PLC (LON:BLND) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 448.75.

BLND has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a report on Monday, March 30th. Berenberg Bank reissued a “buy” rating and issued a GBX 531 price objective on shares of British Land in a report on Tuesday, April 21st. Shore Capital Group reissued a “hold” rating on shares of British Land in a report on Tuesday, April 21st. Stifel Nicolaus reissued a “hold” rating and issued a GBX 410 price objective on shares of British Land in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 510 price objective on shares of British Land in a report on Wednesday, April 22nd.

British Land Stock Up 1.3%

British Land stock opened at GBX 379.09 on Tuesday. The firm has a market cap of £3.88 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 6.76 and a beta of 1.17. British Land has a 52 week low of GBX 318.60 and a 52 week high of GBX 432. The business’s 50-day moving average price is GBX 375.31 and its 200 day moving average price is GBX 391.41. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 47.52.

About British Land

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.