Zacks Investment Research downgraded shares of British Land (OTCMKTS:BTLCY) from a hold rating to a sell rating in a report issued on Monday morning.
According to Zacks, “The British Land Co. Plc is a real estate investment trust which owns, manages, finances and develops commercial properties. Its property portfolio comprises retail parks, super stores, shopping centers, department stores, residential and offices. The British Land Co. Plc is headquartered in London, the United Kingdom. “
Separately, HSBC upgraded British Land from a hold rating to a buy rating in a research report on Wednesday, November 21st.
Shares of OTCMKTS:BTLCY opened at $7.17 on Monday. British Land has a fifty-two week low of $6.77 and a fifty-two week high of $9.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 1.25.
British Land Company Profile
Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.
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