British Land’s (BLND) Neutral Rating Reaffirmed at UBS Group

British Land (LON:BLND)‘s stock had its “neutral” rating reiterated by equities research analysts at UBS Group in a report released on Monday,Digital Look reports. They presently have a GBX 440 price objective on the stock. UBS Group’s price target points to a potential upside of 18.66% from the company’s current price.

Several other research firms have also recently weighed in on BLND. Berenberg Bank reissued a “buy” rating and set a GBX 531 price target on shares of British Land in a report on Tuesday, April 21st. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 310 target price on shares of British Land in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 510 price target on shares of British Land in a research note on Wednesday, April 22nd. The Goldman Sachs Group reduced their price target on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating for the company in a research report on Monday, March 30th. Finally, Shore Capital Group reissued a “hold” rating on shares of British Land in a report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 448.75.

British Land Stock Up 0.5%

Shares of British Land stock opened at GBX 370.80 on Monday. British Land has a twelve month low of GBX 318.60 and a twelve month high of GBX 432. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 47.52. The company’s 50 day moving average is GBX 375.53 and its 200 day moving average is GBX 391.48. The company has a market cap of £3.80 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 6.76 and a beta of 1.17.

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. 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.