British Land (OTCMKTS:BTLCY) Shares Gap Up – Here’s What Happened

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $5.2650, but opened at $5.4350. British Land shares last traded at $5.4580, with a volume of 2,474 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating on shares of British Land in a report on Tuesday, September 1st. Barclays restated an “overweight” rating on shares of British Land in a research note on Monday, August 24th. Finally, Kepler Capital Markets downgraded shares of British Land from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, British Land currently has a consensus rating of “Moderate Buy”.

British Land Stock Down 0.1%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32. The business’s 50 day simple moving average is $5.54 and its two-hundred day simple moving average is $5.41.

About British Land

British Land Company plc is a United Kingdom-based real estate investment and development company. Founded in 1856, the company owns, develops and manages a portfolio of commercial property, with activities focused primarily on London and other major UK locations.

Its portfolio includes London offices and mixed-use campuses, retail and leisure destinations, and urban logistics properties. British Land provides property investment, development, asset management and leasing services, working with occupiers across office, retail, logistics and related commercial sectors.

The company’s London activities include large-scale office and mixed-use developments, while its retail business encompasses shopping centres and retail parks serving local and regional communities.