British Land (LON:BLND) Stock Price Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• British Land passed below its 200-day moving average (200‑day MA GBX 388.10), trading as low as GBX 387.20 intraday and last quoted at GBX 391.45 on a volume of 3,188,429 shares.
• Analysts are mixed—three Buy, two Hold and one Sell—resulting in a consensus rating of Hold and a consensus price target of GBX 447.20; notable recent moves include Goldman cutting its target to GBX 470 and Berenberg raising theirs to GBX 539.
• The stock has a market cap of £3.91 billion and a P/E of 8.68, but shows tight liquidity and leverage with a quick ratio of 0.25, current ratio of 0.28 and a debt-to-equity ratio of 47.52.

British Land Company PLC (LON:BLND - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 388.10 and traded as low as GBX 387.20. British Land shares last traded at GBX 391.45, with a volume of 3,188,429 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. The Goldman Sachs Group reduced their price objective on British Land from GBX 510 to GBX 470 and set a "buy" rating on the stock in a research report on Monday, March 30th. Berenberg Bank lifted their price objective on British Land from GBX 506 to GBX 539 and gave the stock a "buy" rating in a research report on Monday, January 26th. Finally, Shore Capital Group reiterated a "hold" rating on shares of British Land in a research report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, British Land presently has an average rating of "Hold" and a consensus price target of GBX 447.20.

British Land Stock Performance

The stock has a market cap of £3.91 billion, a PE ratio of 8.68, a P/E/G ratio of 6.76 and a beta of 1.16. 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 stock has a 50-day moving average of GBX 384.34 and a 200 day moving average of GBX 388.10.

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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