British Land (LON:BLND) Given Hold Rating at Panmure Gordon

British Land (LON:BLND)‘s stock had its “hold” rating restated by investment analysts at Panmure Gordon in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 424 price objective on the stock. Panmure Gordon’s price objective points to a potential upside of 13.52% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 308 price target on shares of British Land in a report on Thursday. Shore Capital reissued a “hold” rating on shares of British Land in a research report on Wednesday. Berenberg Bank restated a “buy” rating and set a GBX 506 price target on shares of British Land in a research note on Wednesday. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 495 price objective on shares of British Land in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, British Land has a consensus rating of “Hold” and a consensus price target of GBX 433.25.

British Land Stock Down 0.6%

Shares of BLND traded down GBX 2.30 during mid-day trading on Thursday, hitting GBX 373.50. The company’s stock had a trading volume of 2,347,424 shares, compared to its average volume of 10,512,306. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 44.14. The company’s 50-day moving average is GBX 367.03 and its 200-day moving average is GBX 367.28. British Land has a 52-week low of GBX 318.60 and a 52-week high of GBX 413.80. The firm has a market capitalization of £3.73 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 6.76 and a beta of 1.55.

British Land (LON:BLND) last announced its earnings results on Wednesday, November 19th. The company reported GBX 15.40 earnings per share (EPS) for the quarter. British Land had a return on equity of 18.53% and a net margin of 171.35%. On average, equities research analysts forecast that British Land will post 29.375 EPS for the current fiscal year.

About British Land

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.