British Land Company PLC (LON:BLND) Receives Average Recommendation of “Hold” from Brokerages

British Land Company PLC (LON:BLND) has earned a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 448.13.

Several research firms have commented on BLND. Shore Capital Group reissued a “hold” rating on shares of British Land in a research report on Tuesday, April 21st. The Goldman Sachs Group dropped their target price on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating on the stock in a research report on Monday, March 30th. UBS Group reissued a “neutral” rating and set a GBX 440 target price on shares of British Land in a research report on Monday, May 18th. Stifel Nicolaus reissued a “hold” rating and set a GBX 410 target price on shares of British Land in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 510 target price on shares of British Land in a research report on Wednesday, April 22nd.

British Land Price Performance

British Land stock opened at GBX 396.20 on Tuesday. British Land has a 52 week low of GBX 318.60 and a 52 week high of GBX 432. The company’s 50 day moving average price is GBX 376.63 and its two-hundred day moving average price is GBX 391.48. The company has a quick ratio of 0.25, a current ratio of 0.15 and a debt-to-equity ratio of 50.51. The stock has a market cap of £4.06 billion, a P/E ratio of 8.78, a P/E/G ratio of 6.76 and a beta of 1.17.

British Land (LON:BLND) last posted its earnings results on Wednesday, May 20th. The company reported GBX 28.90 EPS for the quarter. British Land had a net margin of 86.48% and a return on equity of 7.73%. The firm had revenue of £523 million for the quarter. On average, equities analysts predict that British Land will post 29.375 earnings per share for the current year.

British Land Company Profile

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. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.