Berenberg Bank Reaffirms Buy Rating for British Land (LON:BLND)

British Land (LON:BLND)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 506 target price on the stock. Berenberg Bank’s target price indicates a potential upside of 34.93% from the company’s current price.

A number of other research firms have also recently issued reports on BLND. Shore Capital reissued a “hold” rating on shares of British Land in a research note on Wednesday, October 15th. Peel Hunt reiterated a “buy” rating and issued a GBX 495 target price on shares of British Land in a research report on Wednesday, October 15th. Finally, Jefferies Financial Group upped their price target on shares of British Land from GBX 298 to GBX 308 and gave the stock an “underperform” rating in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, British Land has an average rating of “Hold” and a consensus price target of GBX 436.33.

British Land Stock Performance

BLND traded down GBX 3.60 during midday trading on Wednesday, hitting GBX 375. 4,604,335 shares of the company were exchanged, compared to its average volume of 10,548,594. The company’s 50 day simple moving average is GBX 366.25 and its 200 day simple moving average is GBX 367.23. The company has a current ratio of 0.59, a quick ratio of 0.25 and a debt-to-equity ratio of 44.14. The firm has a market capitalization of £3.75 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55. British Land has a 1-year low of GBX 318.60 and a 1-year high of GBX 413.80.

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.