British Land’s (BLND) “Hold” Rating Reiterated at Shore Capital

Shore Capital restated their hold rating on shares of British Land (LON:BLND) in a research report sent to investors on Wednesday, Marketbeat.com reports.

Other research analysts also recently issued reports about the company. Berenberg Bank reissued a “buy” rating and issued a GBX 506 price target on shares of British Land in a report on Wednesday. Jefferies Financial Group boosted their target price 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 set a GBX 495 price target on shares of British Land in a report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 433.25.

British Land Price Performance

LON:BLND opened at GBX 374.80 on Wednesday. The firm’s fifty day moving average is GBX 368.67 and its two-hundred day moving average is GBX 367.17. 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. The company has a debt-to-equity ratio of 44.14, a quick ratio of 0.25 and a current ratio of 0.59. British Land has a one year low of GBX 318.60 and a one year high of GBX 413.80.

British Land (LON:BLND) last issued its quarterly earnings data on Wednesday, November 19th. The company reported GBX 15.40 earnings per share (EPS) for the quarter. British Land had a return on equity of 18.53% and a net margin of 171.35%. Research analysts expect that British Land will post 29.375 EPS for the current year.

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.