British Land’s (BLND) “Hold” Rating Reaffirmed at Panmure Gordon

British Land (LON:BLND)‘s stock had its “hold” rating restated by research analysts at Panmure Gordon in a note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 424 price objective on the stock. Panmure Gordon’s target price would indicate a potential upside of 13.52% from the company’s current price.

Several other research firms have also recently issued reports on BLND. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 308 price objective on shares of British Land in a research report on Thursday. Berenberg Bank reissued a “buy” rating and issued a GBX 506 price target on shares of British Land in a research report on Wednesday. Shore Capital restated a “hold” rating on shares of British Land in a research report on Wednesday. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 495 target price on shares of British Land in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 433.25.

British Land Trading Down 0.6%

LON:BLND traded down GBX 2.30 on Thursday, hitting GBX 373.50. The stock had a trading volume of 2,347,424 shares, compared to its average volume of 10,512,306. The company has a fifty day moving average price of GBX 367.03 and a two-hundred day moving average price of GBX 367.28. The stock has a market cap of £3.73 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 6.76 and a beta of 1.55. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 44.14. British Land has a 1-year low of GBX 318.60 and a 1-year high of GBX 413.80.

British Land (LON:BLND) last issued its quarterly earnings data on Wednesday, November 19th. The company reported GBX 15.40 earnings per share for the quarter. British Land had a return on equity of 18.53% and a net margin of 171.35%. Equities research analysts expect that British Land will post 29.375 earnings per share for the current fiscal year.

About British Land

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.