British Land (LON:BLND) Rating Reiterated by UBS Group

British Land (LON:BLND)‘s stock had its “buy” rating reaffirmed by equities researchers at UBS Group in a research report issued on Thursday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also recently commented on BLND. Peel Hunt reiterated a “hold” rating and issued a GBX 575 ($7.51) target price on shares of British Land in a report on Tuesday, October 1st. Peel Hunt reiterated a “hold” rating on shares of British Land in a report on Wednesday. Morgan Stanley dropped 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 report on Monday, September 2nd. Goldman Sachs Group lifted their target price on British Land from GBX 526 ($6.87) to GBX 529 ($6.91) and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Citigroup restated a “sell” rating on shares of British Land in a report on Friday, November 8th. Five investment 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 currently has a consensus rating of “Hold” and an average price target of GBX 570.36 ($7.45).

Shares of British Land stock opened at GBX 556 ($7.27) on Thursday. The stock has a market cap of $5.14 billion and a price-to-earnings ratio of -18.53. The company has a debt-to-equity ratio of 37.44, a quick ratio of 0.70 and a current ratio of 0.94. The stock has a 50 day moving average price of GBX 592.21 and a 200-day moving average price of GBX 551.93. British Land has a one year low of GBX 465.30 ($6.08) and a one year high of GBX 649.40 ($8.49).

In other British Land news, insider William Jackson acquired 1,995 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was bought at an average price of GBX 562 ($7.34) per share, for a total transaction of £11,211.90 ($14,650.33). In the last 90 days, insiders have purchased 2,046 shares of company stock valued at $1,150,557.

About British Land

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.

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Analyst Recommendations for British Land (LON:BLND)

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