Jefferies Financial Group Reiterates “Underperform” Rating for British Land (LON:BLND)

British Land (LON:BLND)‘s stock had its “underperform” rating reiterated by equities research analysts at Jefferies Financial Group in a note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 310 target price on the stock. Jefferies Financial Group’s target price suggests a potential downside of 23.46% from the stock’s current price.

Several other research analysts have also recently issued reports on BLND. Berenberg Bank increased their price target on shares of British Land from GBX 506 to GBX 539 and gave the stock a “buy” rating in a report on Monday, January 26th. The Goldman Sachs Group cut their price target 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 reissued a “hold” rating on shares of British Land in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 447.60.

British Land Trading Up 2.3%

LON BLND opened at GBX 405 on Tuesday. The stock has a market capitalization of £4.05 billion, a P/E ratio of 8.98, a P/E/G ratio of 6.76 and a beta of 1.16. British Land has a 52-week low of GBX 318.60 and a 52-week high of GBX 432. The firm has a 50-day moving average price of GBX 383.13 and a 200 day moving average price of GBX 389.38. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 47.52.

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.