British Land’s (BLND) Hold Rating Reiterated at Shore Capital Group

Shore Capital Group reiterated their hold rating on shares of British Land (LON:BLND) in a research report report published on Tuesday morning,Digital Look reports.

Several other research analysts have also issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 531 target price on shares of British Land in a research note on Tuesday. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 310 target price on shares of British Land in a research note on Tuesday. The Goldman Sachs Group reduced their price objective on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a research note on Monday, March 30th. Finally, Stifel Nicolaus reissued a “hold” rating and set a GBX 410 price objective on shares of British Land in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, British Land has a consensus rating of “Hold” and an average price target of GBX 450.

British Land Stock Down 0.8%

Shares of LON BLND opened at GBX 394.20 on Tuesday. The firm has a market capitalization of £3.94 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 6.76 and a beta of 1.16. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 47.52. British Land has a 1 year low of GBX 318.60 and a 1 year high of GBX 432. The firm’s 50-day moving average is GBX 382.26 and its 200-day moving average is GBX 389.75.

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.