British Land (LON:BLND) Earns Underperform Rating from Jefferies Financial Group

British Land (LON:BLND)‘s stock had its “underperform” rating restated by stock analysts at Jefferies Financial Group in a note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 305 price objective on the stock. Jefferies Financial Group’s price objective points to a potential downside of 22.78% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Berenberg Bank restated a “buy” rating and set a GBX 531 target price on shares of British Land in a research note on Wednesday, May 20th. Shore Capital Group reaffirmed a “hold” rating on shares of British Land in a report on Tuesday, April 21st. UBS Group reaffirmed a “neutral” rating and set a GBX 440 price objective on shares of British Land in a report on Monday, May 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 410 price objective on shares of British Land in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 510 price objective on shares of British Land in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, British Land currently has a consensus rating of “Hold” and a consensus price target of GBX 448.50.

British Land Price Performance

LON BLND opened at GBX 395 on Tuesday. British Land has a 12 month low of GBX 318.60 and a 12 month high of GBX 432. The stock has a market cap of £4.05 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 6.76 and a beta of 1.17. The company’s 50 day moving average is GBX 380.44 and its two-hundred day moving average is GBX 391.83. The company has a current ratio of 0.15, a quick ratio of 0.25 and a debt-to-equity ratio of 50.51.

British Land (LON:BLND) last released its earnings results on Wednesday, May 20th. The company reported GBX 28.90 EPS for the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. The company had revenue of £523 million for the quarter. As a group, research analysts anticipate that British Land will post 29.375 earnings per share 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.