Jefferies Financial Group Reaffirms “Underperform” Rating for British Land (LON:BLND)

British Land (LON:BLND)‘s stock had its “underperform” rating reaffirmed by stock analysts at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 331 target price on the stock. Jefferies Financial Group’s price objective points to a potential downside of 21.64% from the stock’s previous close.

British Land Stock Performance

Shares of BLND stock traded up GBX 14.60 during mid-day trading on Thursday, reaching GBX 422.40. 355,401,531 shares of the company’s stock traded hands, compared to its average volume of 24,642,842. British Land has a 12 month low of GBX 335.40 and a 12 month high of GBX 451.60. The firm has a 50 day moving average price of GBX 411.77 and a two-hundred day moving average price of GBX 405.91. The company has a debt-to-equity ratio of 52.34, a quick ratio of 0.25 and a current ratio of 0.15. The firm has a market capitalization of £4.33 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18.

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. 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.