UBS Group Reiterates “Neutral” Rating for British Land (LON:BLND)

British Land (LON:BLND)‘s stock had its “neutral” rating reaffirmed by equities researchers at UBS Group in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 440 price objective on the stock. UBS Group’s price target points to a potential upside of 18.66% from the company’s previous close.

Several other equities research analysts also recently commented on BLND. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 510 target price on shares of British Land in a report on Wednesday, April 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 410 price target on shares of British Land in a research report on Tuesday, April 21st. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 310 price target on shares of British Land in a research note on Tuesday, April 21st. Berenberg Bank reissued a “buy” rating and set a GBX 531 price objective on shares of British Land in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of British Land from GBX 510 to GBX 470 and set a “buy” rating for the company in a research note on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 448.75.

British Land Stock Performance

Shares of BLND opened at GBX 370.80 on Monday. 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 market cap of £3.80 billion, a P/E ratio of 8.22, a P/E/G ratio of 6.76 and a beta of 1.17. The business’s 50 day moving average price is GBX 375.53 and its 200-day moving average price is GBX 391.48. British Land has a 52 week low of GBX 318.60 and a 52 week high of GBX 432.

British Land Company Profile

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.