Deutsche Bank Reiterates “Hold” Rating for British Land (LON:BLND)

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British Land (LON:BLND)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research note issued on Friday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently commented on BLND. Liberum Capital restated a “buy” rating and set a GBX 119 ($1.55) price target on shares of in a report on Wednesday, June 26th. Goldman Sachs Group upgraded shares of to a “buy” rating and set a GBX 1,180 ($15.42) price target on the stock in a report on Tuesday, June 4th. Numis Securities restated a “buy” rating and set a GBX 500 ($6.53) price target on shares of PureCircle in a report on Wednesday, May 15th. UBS Group set a $133.00 price target on shares of LHC Group and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Barclays lowered their price target on shares of BT Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set an “equal weight” rating on the stock in a report on Friday, May 10th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. British Land presently has an average rating of “Hold” and an average price target of GBX 625.62 ($8.17).

British Land stock opened at GBX 539.80 ($7.05) on Friday. The firm’s fifty day moving average is GBX 539.63. The company has a debt-to-equity ratio of 37.44, a quick ratio of 0.70 and a current ratio of 0.94. British Land has a 12 month low of GBX 520 ($6.79) and a 12 month high of GBX 664 ($8.68). The stock has a market cap of $5.10 billion and a PE ratio of -17.99.

In other British Land news, insider Simon Carter acquired 7,774 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of GBX 535 ($6.99) per share, for a total transaction of £41,590.90 ($54,345.88). Over the last 90 days, insiders have bought 7,852 shares of company stock worth $4,203,598.

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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