British Land (BLND) Rating Reiterated by Peel Hunt

Peel Hunt reiterated their hold rating on shares of British Land (LON:BLND) in a report published on Monday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also issued reports on the stock. Deutsche Bank lowered shares of British Land to a hold rating and lowered their target price for the stock from GBX 660 ($8.62) to GBX 620 ($8.10) in a research report on Wednesday, April 24th. Goldman Sachs Group lowered their target price on shares of British Land from GBX 620 ($8.10) to GBX 589 ($7.70) and set a neutral rating on the stock in a research report on Friday, January 25th. Royal Bank of Canada initiated coverage on shares of British Land in a research report on Tuesday, February 12th. They set a sector performer rating and a GBX 550 ($7.19) target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of British Land from GBX 715 ($9.34) to GBX 660 ($8.62) and set a neutral rating on the stock in a research report on Monday, January 21st. Finally, Citigroup lowered shares of British Land to a sell rating and lowered their target price for the stock from GBX 647 ($8.45) to GBX 452 ($5.91) in a research report on Friday, January 25th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 632.50 ($8.26).

Shares of BLND opened at GBX 584 ($7.63) on Monday. The company has a debt-to-equity ratio of 31.78, a quick ratio of 0.60 and a current ratio of 1.18. The company has a market cap of $5.54 billion and a PE ratio of 28.21. British Land has a 12-month low of GBX 520 ($6.79) and a 12-month high of GBX 703 ($9.19).



In related news, insider William Jackson purchased 2,310 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was purchased at an average cost of GBX 599 ($7.83) per share, with a total value of £13,836.90 ($18,080.36). Also, insider Chris Grigg sold 4,978 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of GBX 604 ($7.89), for a total value of £30,067.12 ($39,288.02). Over the last ninety days, insiders have purchased 2,385 shares of company stock valued at $1,428,519.

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: Calculating net profit and net profit margin ratio

Analyst Recommendations for British Land (LON:BLND)

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.