Shares of British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY – Get Free Report) saw unusually-strong trading volume on Monday. 61,090 shares were traded during mid-day trading, an increase of 209% from the previous session’s volume of 19,775 shares. The stock last traded at $5.63 and had previously closed at $5.65.
Analysts Set New Price Targets
BTLCY has been the topic of a number of research reports. Barclays reaffirmed an “overweight” rating on shares of British Land in a research report on Monday, August 24th. Kepler Capital Markets downgraded shares of British Land from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. Jefferies Financial Group reissued an “underperform” rating on shares of British Land in a report on Wednesday. Finally, Morgan Stanley restated an “overweight” rating on shares of British Land in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on BTLCY
British Land Price Performance
The business has a 50 day moving average of $5.52 and a 200 day moving average of $5.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32.
About British Land
British Land Company plc is a United Kingdom-based real estate investment and development company. Founded in 1856, the company owns, develops and manages a portfolio of commercial property, with activities focused primarily on London and other major UK locations.
Its portfolio includes London offices and mixed-use campuses, retail and leisure destinations, and urban logistics properties. British Land provides property investment, development, asset management and leasing services, working with occupiers across office, retail, logistics and related commercial sectors.
The company’s London activities include large-scale office and mixed-use developments, while its retail business encompasses shopping centres and retail parks serving local and regional communities.
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