British Land (LON:BLND) Stock Rating Reaffirmed as Underperform by Jefferies Financial Group

British Land (LON:BLND)‘s stock had its “underperform” rating reiterated by research analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 331 target price on the stock. Jefferies Financial Group’s target price indicates a potential downside of 20.70% from the company’s previous close.

British Land Stock Down 1.2%

BLND traded down GBX 5 during trading on Thursday, hitting GBX 417.40. The company had a trading volume of 2,959,894 shares, compared to its average volume of 22,785,471. The company has a market cap of £4.28 billion, a PE ratio of 9.21, a P/E/G ratio of 6.76 and a beta of 1.18. The business has a 50-day moving average of GBX 410.87 and a 200-day moving average of GBX 406.55. The company has a debt-to-equity ratio of 52.34, a current ratio of 0.15 and a quick ratio of 0.25. British Land has a 1-year low of GBX 335.40 and a 1-year high of GBX 451.60.

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.