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British Land (OTCMKTS:BTLCY) Trading 0% Higher - Still a Buy?

British Land logo with Finance background

Key Points

  • British Land's share price was stable at $4.62 during recent trading, with a decrease in trading volume of 13% from average levels.
  • UBS Group downgraded British Land's stock from a "strong-buy" to a "hold" rating, though the company retains an overall average rating of "Buy" from analysts.
  • The company has a significant portfolio valuation of £13.0bn, primarily focused on UK commercial properties, making it one of Europe's largest listed real estate investment companies.
  • MarketBeat previews top five stocks to own in November.

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY - Get Free Report)'s share price was up 0% during mid-day trading on Tuesday . The stock traded as high as $4.65 and last traded at $4.62. Approximately 12,538 shares were traded during trading, a decline of 13% from the average daily volume of 14,402 shares. The stock had previously closed at $4.62.

Analysts Set New Price Targets

Separately, UBS Group lowered shares of British Land from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy".

View Our Latest Stock Report on British Land

British Land Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a fifty day simple moving average of $4.62 and a two-hundred day simple moving average of $4.89.

About British Land

(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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