British Land’s (BLND) “Underweight” Rating Reiterated at Barclays

British Land (LON:BLNDGet Rating)‘s stock had its “underweight” rating reissued by research analysts at Barclays in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They currently have a GBX 500 ($6.25) target price on the stock. Barclays‘s target price points to a potential upside of 3.48% from the company’s previous close.

Several other research analysts also recently commented on BLND. Morgan Stanley reaffirmed an “equal weight” rating on shares of British Land in a research note on Friday, January 28th. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 500 ($6.25) target price on shares of British Land in a research note on Tuesday, April 12th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 650 ($8.12) price target on shares of British Land in a report on Wednesday, April 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 532.86 ($6.66).

LON BLND opened at GBX 483.20 ($6.04) on Monday. The stock’s 50-day moving average price is GBX 513.24 and its 200-day moving average price is GBX 522.27. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 43.10. British Land has a 52 week low of GBX 441.70 ($5.52) and a 52 week high of GBX 563.80 ($7.04). The company has a market capitalization of £4.48 billion and a P/E ratio of 65.35.

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

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Analyst Recommendations for British Land (LON:BLND)

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