British Land’s (BLND) “Underperform” Rating Reiterated at Jefferies Financial Group

British Land (LON:BLND)‘s stock had its “underperform” rating reiterated by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 331 price target on the stock. Jefferies Financial Group’s price target points to a potential downside of 20.70% from the stock’s current price.

British Land Trading Down 1.2%

BLND stock opened at GBX 417.40 on Thursday. British Land has a 1-year low of GBX 335.40 and a 1-year high of GBX 451.60. The firm has a market cap of £4.28 billion, a P/E ratio of 9.21, a P/E/G ratio of 6.76 and a beta of 1.18. The business’s 50 day moving average is GBX 410.87 and its 200-day moving average is GBX 406.55. The company has a current ratio of 0.15, a quick ratio of 0.25 and a debt-to-equity ratio of 52.34.

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.