Barclays Downgrades British Land (LON:BLND) to Equal Weight

British Land (LON:BLND) was downgraded by equities researchers at Barclays to an “equal weight” rating in a research note issued on Friday, Marketbeat reports. They currently have a GBX 405 ($5.09) target price on the stock, down from their prior target price of GBX 432 ($5.43). Barclays‘s price target suggests a potential upside of 0.35% from the company’s previous close.

Separately, Berenberg Bank started coverage on British Land in a research report on Wednesday, January 10th. They issued a “buy” rating and a GBX 469 ($5.89) price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, British Land presently has a consensus rating of “Hold” and an average price target of GBX 406.80 ($5.11).

British Land Stock Performance

Shares of LON BLND opened at GBX 403.60 ($5.07) on Friday. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 45.41. The business’s 50 day moving average is GBX 378.50 and its two-hundred day moving average is GBX 369.45. The company has a market cap of £3.74 billion, a P/E ratio of -354.04, a P/E/G ratio of 6.76 and a beta of 1.54. British Land has a 12 month low of GBX 287.30 ($3.61) and a 12 month high of GBX 421.90 ($5.30).

British Land Company Profile

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.