British Land (LON:BLND) Downgraded by Barclays

Barclays lowered shares of British Land (LON:BLND) to an equal weight rating in a report released on Friday morning, Marketbeat reports. Barclays currently has GBX 405 ($5.09) target price on the stock, down from their prior target price of GBX 432 ($5.43).

Separately, Berenberg Bank began coverage on British Land in a report on Wednesday, January 10th. They set a buy rating and a GBX 469 ($5.89) target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, British Land presently has a consensus rating of Hold and an average target price of GBX 406.80 ($5.11).

British Land Stock Performance

BLND stock opened at GBX 403.60 ($5.07) on Friday. British Land has a twelve month low of GBX 287.30 ($3.61) and a twelve month high of GBX 421.90 ($5.30). 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 company has a market cap of £3.74 billion, a P/E ratio of -354.04, a price-to-earnings-growth ratio of 6.76 and a beta of 1.54. The business’s fifty day moving average is GBX 378.50 and its 200-day moving average is GBX 369.91.

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.