British Land (LON:BLND) Rating Lowered to Equal Weight at Barclays

Barclays cut shares of British Land (LON:BLND - Free Report) to an equal weight rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports. Barclays currently has GBX 405 ($5.09) price objective on the stock, down from their previous price objective of GBX 432 ($5.43).

Separately, Berenberg Bank started coverage on British Land in a research report on Wednesday, January 10th. They issued a buy rating and a GBX 469 ($5.89) price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, British Land has an average rating of Hold and an average price target of GBX 406.80 ($5.11).

British Land Price Performance

BLND stock traded up GBX 10 ($0.13) during trading hours on Friday, hitting GBX 403.60 ($5.07). 3,380,000 shares of the stock traded hands, compared to its average volume of 2,931,520. The stock has a 50-day simple moving average of GBX 377.66 and a 200 day simple moving average of GBX 368.42. British Land has a one year low of GBX 287.30 ($3.61) and a one year high of GBX 421.90 ($5.30). The company has a market cap of £3.74 billion, a P/E ratio of -354.04, a P/E/G ratio of 6.76 and a beta of 1.54. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 45.41.

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.