Jefferies Financial Group Reaffirms Underperform Rating for British Land (LON:BLND)

British Land (LON:BLND)‘s stock had its “underperform” rating reissued by analysts at Jefferies Financial Group in a research note issued on Thursday,Digital Look reports. They currently have a GBX 308 price objective on the stock. Jefferies Financial Group’s target price suggests a potential downside of 17.87% from the stock’s previous close.

Several other analysts have also recently commented on BLND. Shore Capital restated a “hold” rating on shares of British Land in a report on Wednesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 506 target price on shares of British Land in a research note on Wednesday. Finally, Peel Hunt reissued a “buy” rating and set a GBX 495 price target on shares of British Land in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, one has assigned 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 an average target price of GBX 436.33.

British Land Price Performance

Shares of British Land stock traded down GBX 0.80 during midday trading on Thursday, hitting GBX 375. 2,293,173 shares of the company were exchanged, compared to its average volume of 10,512,065. The firm has a market cap of £3.75 billion, a P/E ratio of 10.71, a PEG ratio of 6.76 and a beta of 1.55. The firm has a 50 day simple moving average of GBX 367.03 and a 200-day simple moving average of GBX 367.28. British Land has a 52 week low of GBX 318.60 and a 52 week high of GBX 413.80. The company has a debt-to-equity ratio of 44.14, a current ratio of 0.59 and a quick ratio of 0.25.

British Land (LON:BLND) last announced its quarterly earnings results on Wednesday, November 19th. The company reported GBX 15.40 earnings per share (EPS) for the quarter. British Land had a net margin of 171.35% and a return on equity of 18.53%. Research analysts forecast 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.