British Land (LON:BLND) Given “Underperform” Rating at Jefferies Financial Group

British Land (LON:BLND – Get Free Report)‘s stock had its “underperform” rating reissued by equities researchers at Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They currently have a GBX 331 price objective on the stock. Jefferies Financial Group’s target price suggests a potential downside of 20.78% from the company’s previous close.

British Land Trading Up 2.5%

Shares of BLND stock opened at GBX 417.80 on Thursday. The company has a 50 day moving average of GBX 411.77 and a 200-day moving average of GBX 405.91. The company has a quick ratio of 0.25, a current ratio of 0.15 and a debt-to-equity ratio of 52.34. British Land has a 12-month low of GBX 335.40 and a 12-month high of GBX 451.60. The firm has a market cap of £4.28 billion, a P/E ratio of 9.22, a PEG ratio of 6.76 and a beta of 1.18.

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British Land Company Profile

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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. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.

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