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

British Land (LON:BLND – Get Free Report)‘s stock had its “underperform” rating reissued by research analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 331 target price on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 21.49% from the company’s previous close.

British Land Stock Performance

Shares of BLND stock traded up GBX 13.80 during trading hours on Thursday, reaching GBX 421.60. The stock had a trading volume of 11,180,747 shares, compared to its average volume of 22,921,736. The firm has a market capitalization of £4.32 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 6.76 and a beta of 1.18. The firm has a 50-day simple moving average of GBX 411.77 and a 200-day simple moving average of GBX 405.91. British Land has a twelve month low of GBX 335.40 and a twelve month high of GBX 451.60. The company has a debt-to-equity ratio of 52.34, a current ratio of 0.15 and a quick ratio of 0.25.

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About British Land

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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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