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

British Land (LON:BLND)‘s stock had its “underperform” rating restated by equities research analysts at Jefferies Financial Group in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 305 price target on the stock. Jefferies Financial Group’s price target would indicate a potential downside of 21.59% from the stock’s previous close.

BLND has been the subject of a number of other research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 531 price objective on shares of British Land in a research note on Wednesday. UBS Group reiterated a “neutral” rating and issued a GBX 440 target price on shares of British Land in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 510 price target on shares of British Land in a research report on Wednesday, April 22nd. Shore Capital Group restated a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group decreased their price objective on British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a report on Monday, March 30th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 448.13.

British Land Price Performance

Shares of LON BLND traded up GBX 1.77 during trading hours on Thursday, reaching GBX 388.97. 3,539,603 shares of the stock traded hands, compared to its average volume of 20,197,285. The company has a market capitalization of £3.98 billion, a P/E ratio of 8.62, a price-to-earnings-growth ratio of 6.76 and a beta of 1.17. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 47.52. British Land has a 52-week low of GBX 318.60 and a 52-week high of GBX 432. The company’s 50-day simple moving average is GBX 375.74 and its two-hundred day simple moving average is GBX 391.38.

British Land (LON:BLND) last issued its earnings results on Wednesday, May 20th. The company reported GBX 28.90 earnings per share (EPS) for the quarter. British Land had a return on equity of 7.75% and a net margin of 81.27%.The business had revenue of £523 million during the quarter. Equities research analysts forecast that British Land will post 29.375 EPS for the current year.

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. 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.