British Land (LON:BLND – Get Free Report) released its earnings results on Wednesday. The company reported GBX 15.40 EPS for the quarter, Digital Look Earnings reports. British Land had a return on equity of 18.53% and a net margin of 171.35%.
British Land Trading Down 0.2%
Shares of LON:BLND traded down GBX 0.60 during trading on Thursday, reaching GBX 375.20. 2,235,524 shares of the stock were exchanged, compared to its average volume of 10,511,811. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.25 and a current ratio of 0.59. British Land has a 12-month low of GBX 318.60 and a 12-month high of GBX 413.80. The firm has a market cap of £3.75 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. The firm’s 50-day moving average price is GBX 367.03 and its 200 day moving average price is GBX 367.28.
Analyst Upgrades and Downgrades
Several analysts have commented on BLND shares. Berenberg Bank restated a “buy” rating and issued a GBX 506 price target on shares of British Land in a report on Wednesday. Shore Capital reissued a “hold” rating on shares of British Land in a research report on Wednesday. Peel Hunt restated a “buy” rating and issued a GBX 495 target price on shares of British Land in a report on Wednesday, October 15th. Finally, Jefferies Financial Group upped their price target on shares of British Land from GBX 298 to GBX 308 and gave the stock an “underperform” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 436.33.
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.
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