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

British Land (LON:BLND)‘s stock had its “underperform” rating reissued by stock analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 331 target price on the stock. Jefferies Financial Group’s price target would indicate a potential downside of 21.64% from the company’s current price.

British Land Stock Performance

LON:BLND traded up GBX 14.60 on Thursday, reaching GBX 422.40. 355,401,531 shares of the company’s stock were exchanged, compared to its average volume of 24,642,842. The company has a debt-to-equity ratio of 52.34, a current ratio of 0.15 and a quick ratio of 0.25. The firm has a market cap of £4.33 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 6.76 and a beta of 1.18. British Land has a 52 week low of GBX 335.40 and a 52 week high of GBX 451.60. The stock has a fifty day simple moving average of GBX 411.38 and a 200-day simple moving average of GBX 406.47.

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.