British Land (LON:BLND) Receives “Buy” Rating from Berenberg Bank

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

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

British Land Trading Down 1.0%

Shares of BLND traded down GBX 3.60 during trading hours on Wednesday, reaching GBX 375. 4,604,335 shares of the company traded hands, compared to its average volume of 10,548,594. The stock’s fifty day moving average price is GBX 366.25 and its 200 day moving average price 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 cap of £3.75 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 6.76 and a beta of 1.55. British Land has a 12-month low of GBX 318.60 and a 12-month high of GBX 413.80.

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.