Several other research analysts have also recently commented on BLND. Morgan Stanley reduced their target price on British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an equal weight rating for the company in a research report on Monday, September 2nd. Deutsche Bank reissued a hold rating on shares of British Land in a report on Thursday, September 19th. Peel Hunt reissued a hold rating on shares of British Land in a report on Tuesday, November 5th. Liberum Capital reissued a hold rating on shares of British Land in a report on Tuesday, October 1st. Finally, Peel Hunt reissued a hold rating and set a GBX 575 ($7.51) price objective on shares of British Land in a report on Tuesday, October 1st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 584.31 ($7.64).
BLND stock traded down GBX 7.60 ($0.10) during midday trading on Friday, hitting GBX 573 ($7.49). The stock had a trading volume of 3,874,242 shares, compared to its average volume of 3,540,000. The firm has a market capitalization of $5.33 billion and a price-to-earnings ratio of -19.10. British Land has a 52 week low of GBX 465.30 ($6.08) and a 52 week high of GBX 649.40 ($8.49). The stock has a 50-day simple moving average of GBX 592.29 and a 200 day simple moving average of GBX 553. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 37.44.
In other British Land news, insider William Jackson bought 1,995 shares of the stock in a transaction dated Monday, October 7th. The stock was bought at an average cost of GBX 562 ($7.34) per share, for a total transaction of £11,211.90 ($14,650.33). Over the last three months, insiders have acquired 2,052 shares of company stock valued at $1,151,015.
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.
Featured Story: What is an economic bubble?
Receive News & Ratings for British Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British Land and related companies with MarketBeat.com's FREE daily email newsletter.