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British Land (OTCMKTS:BTLCY) Sees Strong Trading Volume - Here's What Happened

British Land logo with Finance background

Key Points

  • British Land experienced a 13% increase in trading volume on Monday, with 26,708 shares traded, reflecting heightened investor interest.
  • UBS Group has downgraded British Land's rating from "strong-buy" to "hold", while two other analysts maintain a Strong Buy rating.
  • The company has a portfolio valued at £13.0 billion, focusing on high-quality UK commercial properties, making it one of Europe's largest listed real estate investment firms.
  • MarketBeat previews top five stocks to own in November.

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY - Get Free Report) saw an uptick in trading volume on Monday . 26,708 shares were traded during trading, an increase of 13% from the previous session's volume of 23,581 shares.The stock last traded at $4.94 and had previously closed at $4.95.

Wall Street Analyst Weigh In

Separately, UBS Group cut British Land from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, British Land has an average rating of "Buy".

Read Our Latest Research Report on British Land

British Land Price Performance

The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $4.61 and a 200 day simple moving average of $4.89.

British Land Company Profile

(Get Free Report)

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.

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