British Land (OTCMKTS:BTLCY) Reaches New 52-Week High – Here’s What Happened

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) hit a new 52-week high during trading on Wednesday. The company traded as high as $6.00 and last traded at $5.9950, with a volume of 16,864 shares traded. The stock had previously closed at $5.86.

Wall Street Analysts Forecast Growth

BTLCY has been the topic of several recent analyst reports. Kepler Capital Markets lowered shares of British Land from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. Jefferies Financial Group restated an “underperform” rating on shares of British Land in a research report on Wednesday, October 14th. Barclays reaffirmed an “overweight” rating on shares of British Land in a report on Monday, August 24th. Finally, Morgan Stanley restated an “overweight” rating on shares of British Land in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

British Land Stock Up 2.4%

The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $5.50 and a 200 day moving average price of $5.41.

About British Land

British Land Company plc is a United Kingdom-based real estate investment and development company. The company owns, develops and manages commercial property, with a portfolio focused primarily on offices, retail parks, shopping centers and logistics-related assets.

Its activities include property development, asset management, leasing and investment management. British Land works with occupiers, retailers and other partners to create and operate mixed-use destinations, workplace campuses and retail-led properties.