British Land Company PLC (LON:BLND) Receives GBX 448.75 Consensus PT from Brokerages

Shares of British Land Company PLC (LON:BLND) have been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 448.13.

Several equities research analysts have issued reports on BLND shares. Shore Capital Group restated a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. UBS Group restated a “neutral” rating and set a GBX 440 target price on shares of British Land in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 510 target price on shares of British Land in a research report on Wednesday, April 22nd. Stifel Nicolaus restated a “hold” rating and set a GBX 410 target price on shares of British Land in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 305 target price on shares of British Land in a research report on Thursday, May 21st.

British Land Trading Up 1.7%

LON:BLND opened at GBX 402.80 on Tuesday. The company has a market cap of £4.13 billion, a P/E ratio of 8.93, a P/E/G ratio of 6.76 and a beta of 1.17. The stock’s fifty day moving average price is GBX 377.20 and its two-hundred day moving average price is GBX 391.65. British Land has a 1 year low of GBX 318.60 and a 1 year high of GBX 432. The company has a debt-to-equity ratio of 50.51, a current ratio of 0.15 and a quick ratio of 0.25.

British Land (LON:BLND) last posted its earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share (EPS) for the quarter. The firm had revenue of £523 million for the quarter. British Land had a return on equity of 7.73% and a net margin of 86.48%. As a group, analysts expect that British Land will post 29.375 EPS for the current year.

British Land Company Profile

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.