British Land (LON:BLND) Receives “Underweight” Rating from Barclays

British Land (LON:BLNDGet Rating)‘s stock had its “underweight” rating reissued by stock analysts at Barclays in a research report issued on Friday, Marketbeat Ratings reports. They currently have a GBX 500 ($6.25) target price on the stock. Barclays‘s price target points to a potential downside of 2.99% from the company’s previous close.

A number of other research firms have also recently weighed in on BLND. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 650 ($8.12) price objective on shares of British Land in a report on Wednesday, April 13th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 500 ($6.25) price target on shares of British Land in a research note on Tuesday, April 12th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of British Land in a research report on Friday, January 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, British Land has a consensus rating of “Hold” and a consensus target price of GBX 532.86 ($6.66).

LON:BLND opened at GBX 515.40 ($6.44) on Friday. 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 company has a 50 day moving average price of GBX 515.27 and a 200-day moving average price of GBX 521.69. British Land has a 1-year low of GBX 441.70 ($5.52) and a 1-year high of GBX 563.80 ($7.04). The firm has a market cap of £4.78 billion and a price-to-earnings ratio of 70.24.

In other news, insider Mark Aedy acquired 1,544 shares of the firm’s stock in a transaction on Tuesday, April 5th. The shares were bought at an average price of GBX 533 ($6.66) per share, for a total transaction of £8,229.52 ($10,280.47). Also, insider Bhavesh Mistry sold 1,893 shares of the company’s stock in a transaction on Monday, March 28th. The stock was sold at an average price of GBX 535 ($6.68), for a total transaction of £10,127.55 ($12,651.53). Insiders purchased a total of 1,630 shares of company stock worth $867,713 over the last ninety days.

About British Land (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.

Further Reading

Analyst Recommendations for British Land (LON:BLND)

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