British Land Company PLC (LON:BLND) Receives Consensus Rating of “Hold” from Brokerages

Shares of British Land Company PLC (LON:BLND) have been given an average recommendation of “Hold” by the eight ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 450.

A number of research firms have recently commented on BLND. Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a research note on Tuesday, April 21st. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 310 target price on shares of British Land in a research note on Tuesday, April 21st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 531 target price on shares of British Land in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 510 target price on shares of British Land in a research note on Wednesday, April 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 410 target price on shares of British Land in a research note on Tuesday, April 21st.

British Land Trading Down 0.6%

BLND opened at GBX 384.70 on Friday. The stock has a market cap of £3.85 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 6.76 and a beta of 1.16. The stock’s 50 day moving average price is GBX 380.03 and its 200-day moving average price is GBX 391.04. British Land has a one year low of GBX 318.60 and a one year high of GBX 432. The company has a debt-to-equity ratio of 47.52, a quick ratio of 0.25 and a current ratio of 0.28.

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.