Stifel Nicolaus Reiterates Hold Rating for British Land (LON:BLND)

British Land (LON:BLND)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 410 price objective on the stock. Stifel Nicolaus’ price objective points to a potential upside of 7.56% from the stock’s current price.

A number of other brokerages also recently issued reports on BLND. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 510 price target on shares of British Land in a research report on Wednesday, April 22nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 531 target price on shares of British Land in a research note on Wednesday. UBS Group reiterated a “neutral” rating and set a GBX 440 target price on shares of British Land in a research report on Monday. The Goldman Sachs Group dropped their price target on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a research note on Monday, March 30th. Finally, Shore Capital Group restated a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. Four 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 448.75.

British Land Trading Up 0.8%

Shares of British Land stock opened at GBX 381.20 on Wednesday. The firm has a 50-day simple moving average of GBX 375.26 and a two-hundred day simple moving average of GBX 391.36. The company has a market cap of £3.91 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 6.76 and a beta of 1.17. British Land has a fifty-two week low of GBX 318.60 and a fifty-two week high of GBX 432. The company has a debt-to-equity ratio of 47.52, a quick ratio of 0.25 and a current ratio of 0.28.

British Land (LON:BLND) last posted its earnings results on Wednesday, May 20th. The company reported GBX 28.90 EPS for the quarter. British Land had a return on equity of 7.75% and a net margin of 81.27%.The firm had revenue of £523 million for the quarter. As a group, equities analysts predict that British Land will post 29.375 earnings per share for the current fiscal year.

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. 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.