British Land Company PLC (LON:BLND) Stock Rated “Hold” by Sell-Side Brokerages

Shares of British Land Company PLC (LON:BLND) have received an average recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 443.62.

Separately, Jefferies Financial Group restated an “underperform” rating and set a GBX 331 target price on shares of British Land in a report on Thursday, October 15th.

British Land Price Performance

Shares of British Land stock opened at GBX 430.60 on Monday. The business has a fifty day simple moving average of GBX 408.87 and a 200 day simple moving average of GBX 405.16. The stock has a market cap of £4.41 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.15 and a debt-to-equity ratio of 52.34. British Land has a 12 month low of GBX 335.40 and a 12 month high of GBX 451.60.

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.