British Land (LON:BLND) Receives “Hold” Rating from Liberum Capital

British Land (LON:BLND)‘s stock had its “hold” rating reiterated by stock analysts at Liberum Capital in a report released on Friday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also recently weighed in on the company. Peel Hunt reiterated a “hold” rating and set a GBX 575 ($7.51) price target on shares of British Land in a research report on Tuesday, October 1st. Deutsche Bank lowered their price objective on British Land from GBX 600 ($7.84) to GBX 580 ($7.58) and set a “hold” rating on the stock in a research report on Friday, November 22nd. Peel Hunt reaffirmed a “hold” rating on shares of British Land in a research note on Tuesday, December 3rd. Jefferies Financial Group cut their target price on shares of British Land from GBX 424 ($5.54) to GBX 399 ($5.21) and set an “underperform” rating for the company in a report on Thursday, November 14th. Finally, Morgan Stanley upgraded shares of British Land to an “overweight” rating in a research note on Thursday, November 28th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. British Land has an average rating of “Hold” and a consensus target price of GBX 555.77 ($7.26).

Shares of BLND opened at GBX 607 ($7.93) on Friday. The company has a market capitalization of $5.62 billion and a price-to-earnings ratio of -8.93. 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’s 50-day moving average price is GBX 589.84 and its 200-day moving average price is GBX 549.52. The company has a quick ratio of 0.26, a current ratio of 0.31 and a debt-to-equity ratio of 44.86.

In other British Land news, insider William Jackson acquired 1,995 shares of the company’s stock in a transaction on Monday, October 7th. The shares were bought at an average cost of GBX 562 ($7.34) per share, with a total value of £11,211.90 ($14,650.33). Over the last three months, insiders acquired 2,046 shares of company stock worth $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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