British Land (OTCMKTS:BTLCY) Upgraded to Hold by HSBC

HSBC upgraded shares of British Land (OTCMKTS:BTLCYFree Report) from a reduce rating to a hold rating in a research report released on Monday, reports.

Separately, Stifel Nicolaus downgraded shares of British Land from a buy rating to a hold rating in a report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, British Land has a consensus rating of Hold and an average target price of $432.00.

Read Our Latest Stock Report on BTLCY

British Land Stock Down 1.1 %

BTLCY opened at $5.12 on Monday. The company has a fifty day moving average price of $5.18 and a two-hundred day moving average price of $4.93. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.41. British Land has a 1-year low of $3.48 and a 1-year high of $5.64.

British Land Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, June 21st will be issued a $0.0953 dividend. The ex-dividend date is Friday, June 21st.

About British Land

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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.

Further Reading

Analyst Recommendations for British Land (OTCMKTS:BTLCY)

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