British Land’s (BLND) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of British Land (LON:BLNDFree Report) in a report released on Tuesday,Digital Look reports. The brokerage currently has a GBX 410 price target on the stock.

A number of other research analysts have also commented on BLND. Jefferies Financial Group restated an “underperform” rating and issued a GBX 310 target price on shares of British Land in a research note on Tuesday. The Goldman Sachs Group cut their target price on British Land from GBX 510 to GBX 470 and set a “buy” rating for the company in a research note on Monday, March 30th. Berenberg Bank upped their target price on British Land from GBX 506 to GBX 539 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Shore Capital Group restated a “hold” rating on shares of British Land in a research note on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 440.

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British Land Stock Up 0.7%

BLND opened at GBX 398.70 on Tuesday. British Land has a 1-year low of GBX 318.60 and a 1-year high of GBX 432. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 47.52. The stock 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. The business has a 50 day moving average of GBX 382.89 and a 200-day moving average of 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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