British Land (OTCMKTS:BTLCY) Shares Up 0.6% – Here’s Why

Shares of British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) shot up 0.6% during trading on Tuesday . The stock traded as high as $5.00 and last traded at $5.00. 6,607 shares were traded during trading, a decline of 49% from the average session volume of 13,023 shares. The stock had previously closed at $4.97.

Analysts Set New Price Targets

Separately, UBS Group downgraded shares of British Land from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

British Land Stock Up 0.6%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.25 and a current ratio of 0.25. The firm’s 50 day simple moving average is $4.62 and its 200-day simple moving average is $4.89.

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.