British Land (LON:BLND) Given “Underperform” Rating at Jefferies Financial Group

British Land (LON:BLND)‘s stock had its “underperform” rating reaffirmed by stock analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 331 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 21.09% from the stock’s current price.

British Land Stock Performance

Shares of BLND stock opened at GBX 419.49 on Thursday. The company has a market cap of £4.30 billion, a P/E ratio of 9.26, a PEG ratio of 6.76 and a beta of 1.18. The business has a 50 day moving average of GBX 411.38 and a two-hundred day moving average of GBX 406.47. British Land has a 52 week low of GBX 335.40 and a 52 week high of GBX 451.60. The company has a quick ratio of 0.25, a current ratio of 0.15 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.