Peel Hunt Reiterates Hold Rating for British Land (LON:BLND)

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British Land (LON:BLND)‘s stock had its “hold” rating reaffirmed by analysts at Peel Hunt in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other analysts have also commented on the stock. Morgan Stanley reduced their price target on shares of British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an “equal weight” rating for the company in a research note on Monday, September 2nd. Liberum Capital reiterated a “hold” rating and issued a GBX 950 ($12.41) price target on shares of British Land in a research note on Wednesday, June 26th. Deutsche Bank reiterated a “hold” rating on shares of British Land in a research note on Friday, July 12th. Royal Bank of Canada reiterated a “sector performer” rating and issued a GBX 600 ($7.84) price target on shares of British Land in a research note on Monday, June 24th. Finally, Goldman Sachs Group reiterated a “neutral” rating on shares of British Land in a research note on Thursday, August 8th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 590.62 ($7.72).

Shares of BLND stock opened at GBX 562 ($7.34) on Tuesday. The company has a 50 day moving average price of GBX 508.35 and a 200-day moving average price of GBX 554.79. British Land has a 52 week low of GBX 465.30 ($6.08) and a 52 week high of GBX 645 ($8.43). The firm has a market capitalization of $5.23 billion and a PE ratio of -18.73. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 37.44.

In related news, insider Tim Score sold 2,973 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of GBX 560 ($7.32), for a total value of £16,648.80 ($21,754.61).

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.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for British Land (LON:BLND)

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