Analysts Set British Land Company PLC (LON:BLND) PT at GBX 407.25

Shares of British Land Company PLC (LON:BLND) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 406.80 ($5.11).

A number of equities research analysts have issued reports on the stock. Barclays lowered shares of British Land to an “equal weight” rating and cut their price target for the stock from GBX 432 ($5.43) to GBX 405 ($5.09) in a report on Friday, May 3rd. Berenberg Bank assumed coverage on shares of British Land in a research note on Wednesday, January 10th. They set a “buy” rating and a GBX 469 ($5.89) target price on the stock.

British Land Price Performance

British Land stock opened at GBX 417.60 ($5.25) on Friday. The company has a quick ratio of 0.25, a current ratio of 0.38 and a debt-to-equity ratio of 45.41. The business has a 50-day simple moving average of GBX 380.70 and a 200 day simple moving average of GBX 371.52. The stock has a market cap of £3.87 billion, a price-to-earnings ratio of -366.32, a PEG ratio of 6.76 and a beta of 1.54. British Land has a 52 week low of GBX 287.30 ($3.61) and a 52 week high of GBX 421.90 ($5.30).

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.