British Land (LON:BLND) Downgraded to “Equal Weight” at Barclays

Barclays lowered shares of British Land (LON:BLND) to an equal weight rating in a research report released on Friday morning, MarketBeat reports. The brokerage currently has GBX 405 ($5.09) price objective on the stock, down from their prior price objective of GBX 432 ($5.43).

Separately, Berenberg Bank assumed coverage on shares of British Land in a report on Wednesday, January 10th. They issued a buy rating and a GBX 469 ($5.89) target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of GBX 406.80 ($5.11).

British Land Trading Up 2.5 %

BLND stock opened at GBX 403.60 ($5.07) on Friday. The firm has a fifty day moving average price of GBX 378.50 and a 200 day moving average price of GBX 369.91. British Land has a fifty-two week low of GBX 287.30 ($3.61) and a fifty-two week high of GBX 421.90 ($5.30). The firm has a market cap of £3.74 billion, a PE ratio of -354.04, a price-to-earnings-growth ratio of 6.76 and a beta of 1.54. The company has a debt-to-equity ratio of 45.41, a quick ratio of 0.25 and a current ratio of 0.38.

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.