British Land’s (BLND) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of British Land (LON:BLNDFree Report) in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a GBX 531 price target on the stock.

A number of other equities analysts also recently weighed in on BLND. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 410 target price on shares of British Land in a report on Tuesday. The Goldman Sachs Group dropped their target price on British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a report on Monday, March 30th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 310 target price on shares of British Land in a report on Tuesday. Finally, Shore Capital Group reiterated a “hold” rating on shares of British Land in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, British Land currently has an average rating of “Hold” and an average target price of GBX 440.

Check Out Our Latest Analysis on BLND

British Land Price Performance

Shares of BLND opened at GBX 398.70 on Tuesday. The company has a market capitalization of £3.99 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 6.76 and a beta of 1.16. British Land has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 432. The company has a debt-to-equity ratio of 47.52, a current ratio of 0.28 and a quick ratio of 0.25. The business’s 50-day moving average is GBX 382.89 and its 200-day moving average is GBX 389.67.

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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. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.

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