British Land (OTCMKTS:BTLCY) Upgraded to “Buy” by Panmure Gordon

British Land (OTCMKTS:BTLCYGet Rating) was upgraded by equities research analysts at Panmure Gordon from a “hold” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports.

Other equities research analysts have also issued research reports about the company. AlphaValue lowered British Land to a “reduce” rating in a research note on Friday, October 14th. JPMorgan Chase & Co. reduced their price target on British Land from GBX 700 ($8.28) to GBX 530 ($6.27) in a report on Friday, September 16th. Liberum Capital downgraded British Land from a “buy” rating to a “hold” rating in a report on Friday, November 4th. The Goldman Sachs Group downgraded British Land from a “buy” rating to a “neutral” rating in a report on Thursday, September 15th. Finally, HSBC upgraded British Land from a “hold” rating to a “buy” rating in a report on Monday, October 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $570.00.

British Land Trading Up 3.1 %

OTCMKTS BTLCY opened at $5.17 on Wednesday. British Land has a 1-year low of $3.54 and a 1-year high of $7.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a 50-day moving average of $4.28 and a 200-day moving average of $5.24.

British Land Company Profile

(Get Rating)

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.

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Analyst Recommendations for British Land (OTCMKTS:BTLCY)

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