British Land Company Plc (LON:BLND) Receives Average Rating of “Hold” from Brokerages

British Land Company Plc (LON:BLNDGet Rating) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 546.67 ($7.12).

BLND has been the subject of a number of analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 650 ($8.47) price objective on shares of British Land in a research report on Wednesday, April 13th. Morgan Stanley reiterated an “equal weight” rating on shares of British Land in a research report on Friday, January 28th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 500 ($6.52) price target on shares of British Land in a research report on Tuesday, April 12th. Finally, Barclays reiterated an “underweight” rating and set a GBX 500 ($6.52) price target on shares of British Land in a research report on Wednesday, April 13th.

LON:BLND opened at GBX 521 ($6.79) on Monday. British Land has a 12-month low of GBX 441.70 ($5.76) and a 12-month high of GBX 563.80 ($7.35). The firm has a market capitalization of £4.83 billion and a P/E ratio of 70.41. The company has a debt-to-equity ratio of 43.10, a current ratio of 0.63 and a quick ratio of 0.46. The business has a 50 day simple moving average of GBX 521.33 and a 200 day simple moving average of GBX 520.11.

In other news, insider Mark Aedy acquired 1,544 shares of the company’s stock in a transaction dated Tuesday, April 5th. The shares were bought at an average price of GBX 533 ($6.95) per share, with a total value of £8,229.52 ($10,723.90). Also, insider Bhavesh Mistry sold 1,893 shares of the business’s stock in a transaction on Monday, March 28th. The stock was sold at an average price of GBX 535 ($6.97), for a total value of £10,127.55 ($13,197.22). Insiders have acquired a total of 1,601 shares of company stock valued at $852,691 in the last quarter.

British Land Company Profile (Get Rating)

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.

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Analyst Recommendations for British Land (LON:BLND)

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