British Land Company PLC (LON:BLND) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Consensus "Hold": Eight brokers give British Land a consensus rating of "Hold" (1 sell, 3 hold, 4 buy) with an average 12‑month target of GBX 450.
• Analysts are divided, with recent targets ranging from Jefferies' GBX 310 underperform call to Berenberg's GBX 531 buy target, while Goldman Sachs trimmed its target to GBX 470.
• Shares opened at GBX 389.60 and trade within a 1‑year range of GBX 318.60–432; the company has a market cap of £3.90bn and a P/E of 8.64.

Shares of British Land Company PLC (LON:BLND - Get Free Report) have been given a consensus recommendation of "Hold" by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 450.

Several research analysts recently commented on BLND shares. Jefferies Financial Group reaffirmed an "underperform" rating and issued a GBX 310 target price on shares of British Land in a research report on Tuesday. The Goldman Sachs Group reduced their target price on British Land from GBX 510 to GBX 470 and set a "buy" rating for the company in a research report on Monday, March 30th. Stifel Nicolaus reaffirmed a "hold" rating and issued a GBX 410 target price on shares of British Land in a research report on Tuesday. Shore Capital Group reaffirmed a "hold" rating on shares of British Land in a research report on Tuesday. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 531 target price on shares of British Land in a research report on Tuesday.

British Land Stock Down 1.2%

BLND opened at GBX 389.60 on Friday. British Land has a 1-year low of GBX 318.60 and a 1-year high of GBX 432. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 47.52. The stock has a market capitalization of £3.90 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 6.76 and a beta of 1.16. The business has a 50 day moving average of GBX 382.26 and a 200-day moving average of GBX 389.75.

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.

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