British Land (LON:BLND)‘s stock had its “hold” rating restated by research analysts at Liberum Capital in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 500 ($6.53) price objective on the stock. Liberum Capital’s price objective would suggest a potential downside of 3.77% from the stock’s previous close.
LON BLND traded up GBX 1.40 ($0.02) on Thursday, hitting GBX 519.60 ($6.79). 1,910,062 shares of the stock were exchanged, compared to its average volume of 2,689,822. British Land has a 52-week low of GBX 310.70 ($4.06) and a 52-week high of GBX 533.60 ($6.97). The firm has a market capitalization of £4.82 billion and a P/E ratio of -3.56. The company has a debt-to-equity ratio of 57.26, a quick ratio of 0.58 and a current ratio of 0.70. The stock has a fifty day moving average price of GBX 503.31 and a two-hundred day moving average price of GBX 451.16.
In other British Land news, insider Tim Score bought 4,871 shares of the company’s stock in a transaction on Wednesday, April 7th. The shares were bought at an average cost of GBX 518 ($6.77) per share, for a total transaction of £25,231.78 ($32,965.48). Insiders purchased 4,933 shares of company stock valued at $2,553,289 in the last quarter.
About British Land
Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at Â£13.7bn (British Land share: Â£10.3bn) as at 30 September 2020 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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