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

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

British Land Trading Down 1.2%

Shares of British Land stock traded down GBX 5 during trading on Thursday, hitting GBX 417.40. The stock had a trading volume of 2,959,894 shares, compared to its average volume of 22,785,471. The stock has a 50 day simple moving average of GBX 410.87 and a 200 day simple moving average of GBX 406.90. The company has a market capitalization 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 company has a quick ratio of 0.25, a current ratio of 0.15 and a debt-to-equity ratio of 52.34. British Land has a 1 year low of GBX 335.40 and a 1 year high of GBX 451.60.

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.