British Land (LON:BLND) Price Target Raised to GBX 534 at Berenberg Bank

British Land (LON:BLND) had its target price boosted by investment analysts at Berenberg Bank from GBX 531 to GBX 534 in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 35.19% from the company’s current price.

A number of other research firms have also commented on BLND. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 305 price target on shares of British Land in a report on Tuesday. UBS Group restated a “neutral” rating and issued a GBX 440 price objective on shares of British Land in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 510 price objective on shares of British Land in a report on Wednesday, April 22nd. The Goldman Sachs Group decreased their price objective on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Shore Capital Group restated a “hold” rating on shares of British Land in a report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, British Land presently has an average rating of “Hold” and a consensus target price of GBX 448.50.

British Land Trading Down 2.5%

LON:BLND opened at GBX 395 on Tuesday. The company has a fifty day moving average of GBX 380.44 and a 200 day moving average of GBX 391.83. British Land has a 52 week low of GBX 318.60 and a 52 week high of GBX 432. The company has a quick ratio of 0.25, a current ratio of 0.15 and a debt-to-equity ratio of 50.51. The firm has a market capitalization of £4.05 billion, a P/E ratio of 8.76, a P/E/G ratio of 6.76 and a beta of 1.17.

British Land (LON:BLND) last posted its quarterly earnings results on Wednesday, May 20th. The company reported GBX 28.90 EPS for the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. The company had revenue of £523 million during the quarter. On average, research analysts predict that British Land will post 29.375 earnings per share for the current year.

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.