British Land (LON:BLND) Rating Reiterated by Peel Hunt

Peel Hunt reiterated their hold rating on shares of British Land (LON:BLND) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued research reports about the company. Peel Hunt reissued a hold rating and issued a GBX 575 ($7.51) price target on shares of British Land in a report on Tuesday, October 1st. Deutsche Bank reissued a hold rating on shares of British Land in a report on Thursday, September 19th. Morgan Stanley reduced their price target on British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an equal weight rating for the company in a report on Monday, September 2nd. Liberum Capital reissued a hold rating on shares of British Land in a report on Tuesday, October 1st. Finally, UBS Group reissued a buy rating on shares of British Land in a report on Friday, September 20th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 589.50 ($7.70).

Shares of BLND opened at GBX 629.40 ($8.22) on Tuesday. The company has a market capitalization of $5.84 billion and a P/E ratio of -20.98. British Land has a one year low of GBX 465.30 ($6.08) and a one year high of GBX 649 ($8.48). The company has a debt-to-equity ratio of 37.44, a quick ratio of 0.70 and a current ratio of 0.94. The stock has a 50-day moving average price of GBX 556.21 and a 200 day moving average price of GBX 551.33.

In other news, insider William Jackson acquired 1,995 shares of the business’s stock in a transaction on Monday, October 7th. The shares were purchased at an average price of GBX 562 ($7.34) per share, for a total transaction of £11,211.90 ($14,650.33). Insiders have acquired 2,052 shares of company stock worth $1,151,015 in the last 90 days.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 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 (LON:BLND)

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