British Land (OTCMKTS:BTLCY) Shares Gap Up – What’s Next?

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) gapped up prior to trading on Wednesday . The stock had previously closed at $4.8440, but opened at $5.0950. British Land shares last traded at $5.0950, with a volume of 1,019 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, British Land has an average rating of “Strong Buy”.

British Land Stock Up 1.4%

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a 50-day moving average price of $4.87 and a 200-day moving average price of $4.91.

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.