British Land’s (BLND) “Underperform” Rating Reiterated at Jefferies Financial Group

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

British Land Price Performance

Shares of BLND opened at GBX 417.40 on Thursday. The company has a 50 day moving average price of GBX 410.87 and a 200-day moving average price of GBX 406.55. The company has a debt-to-equity ratio of 52.34, a quick ratio of 0.25 and a current ratio of 0.15. The stock has a market capitalization of £4.28 billion, a PE ratio of 9.21, a PEG ratio of 6.76 and a beta of 1.18. British Land has a fifty-two week low of GBX 335.40 and a fifty-two week 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.