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

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

Several other equities research analysts also recently issued reports on BLND. Peel Hunt reaffirmed a “hold” rating on shares of British Land in a research note on Tuesday. Morgan Stanley dropped their price target on shares of British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an “equal weight” rating on the stock in a research note on Monday, September 2nd. Liberum Capital reaffirmed a “hold” rating and set a GBX 585 ($7.64) price target on shares of British Land in a research note on Wednesday. Goldman Sachs Group reaffirmed a “neutral” rating on shares of British Land in a research note on Thursday, August 8th. Finally, Royal Bank of Canada reaffirmed a “sector performer” rating and set a GBX 600 ($7.84) price target on shares of British Land in a research note on Monday, June 24th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 590.62 ($7.72).

British Land stock opened at GBX 565 ($7.38) on Thursday. British Land has a 12-month low of GBX 465.30 ($6.08) and a 12-month high of GBX 645 ($8.43). The company has a market capitalization of $5.26 billion and a price-to-earnings ratio of -18.83. The company has a debt-to-equity ratio of 37.44, a current ratio of 0.94 and a quick ratio of 0.70. The firm’s fifty day moving average price is GBX 509.34 and its 200 day moving average price is GBX 554.60.

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

About British Land

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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