British Land (OTCMKTS:BTLCY) Hits New 1-Year High – Here’s What Happened

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) hit a new 52-week high on Thursday . The company traded as high as $5.62 and last traded at $5.5825, with a volume of 3119 shares traded. The stock had previously closed at $5.50.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Panmure Gordon raised British Land to a “buy” rating in a research report on Tuesday. UBS Group raised shares of British Land from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of British Land in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

British Land Trading Down 4.7%

The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.42. The stock’s 50-day simple moving average is $5.00 and its 200-day simple moving average is $4.92.

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.