Jefferies Financial Group Reaffirms “Underperform” Rating for British Land (LON:BLND)

British Land (LON:BLND)‘s stock had its “underperform” rating reaffirmed by Jefferies Financial Group in a research note issued to investors on Thursday, October 15th, Digital Look reports. They currently have a GBX 331 target price on the stock. Jefferies Financial Group‘s price target indicates a potential downside of 20.93% from the stock’s previous close.

British Land Stock Down 0.3%

LON BLND traded down GBX 1.40 during trading on Thursday, reaching GBX 418.60. The company’s stock had a trading volume of 2,533,777 shares, compared to its average volume of 22,389,662. The company has a current ratio of 0.15, a quick ratio of 0.25 and a debt-to-equity ratio of 52.34. The stock has a market capitalization of £4.29 billion, a PE ratio of 9.24, a PEG ratio of 6.76 and a beta of 1.18. British Land has a 1-year low of GBX 335.40 and a 1-year high of GBX 451.60. The business has a 50-day moving average price of GBX 409.69 and a 200-day moving average price of GBX 408.05.

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.