Peel Hunt Reiterates “Hold” Rating for British Land (LON:BLND)
Peel Hunt reaffirmed their hold rating on shares of British Land (LON:BLND) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently commented on BLND. Numis Securities reaffirmed a buy rating and set a GBX 500 ($6.53) price target on shares of PureCircle in a research report on Wednesday, May 15th. Goldman Sachs Group raised to a buy rating and set a GBX 1,180 ($15.42) price target on the stock in a research report on Tuesday, June 4th. Royal Bank of Canada upped their price target on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an outperform rating in a research report on Monday, June 24th. Deutsche Bank dropped their price target on Broadcom from $330.00 to $315.00 and set a buy rating on the stock in a research report on Friday, June 14th. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 119 ($1.55) price target on shares of in a research report on Wednesday, June 26th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. British Land currently has an average rating of Hold and a consensus target price of GBX 625.62 ($8.17).
Shares of LON BLND opened at GBX 536.70 ($7.01) on Tuesday. British Land has a one year low of GBX 520 ($6.79) and a one year high of GBX 664 ($8.68). The company has a debt-to-equity ratio of 37.44, a current ratio of 0.94 and a quick ratio of 0.70. The company’s fifty day moving average price is GBX 539.47. The stock has a market cap of $5.07 billion and a PE ratio of -17.89.
In related news, insider Simon Carter acquired 7,774 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average cost of GBX 535 ($6.99) per share, for a total transaction of £41,590.90 ($54,345.88). Insiders have bought a total of 7,852 shares of company stock worth $4,203,598 in the last ninety days.
About British Land
Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.
Further Reading: What causes a recession?
Receive News & Ratings for British Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British Land and related companies with MarketBeat.com's FREE daily email newsletter.