British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY – Get Free Report) shares hit a new 52-week high during trading on Wednesday. The company traded as high as $6.00 and last traded at $5.9950, with a volume of 16,864 shares trading hands. The stock had previously closed at $5.86.
Analysts Set New Price Targets
BTLCY has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of British Land in a research note on Tuesday, September 1st. Jefferies Financial Group reissued an “underperform” rating on shares of British Land in a research note on Wednesday, October 14th. Kepler Capital Markets cut British Land from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. Finally, Barclays reaffirmed an “overweight” rating on shares of British Land in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on British Land
British Land Stock Performance
The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32. The business’s 50-day moving average is $5.50 and its 200 day moving average is $5.41.
British Land Company Profile
British Land Company plc is a United Kingdom-based real estate investment and development company. The company owns, develops and manages commercial property, with a portfolio focused primarily on offices, retail parks, shopping centers and logistics-related assets.
Its activities include property development, asset management, leasing and investment management. British Land works with occupiers, retailers and other partners to create and operate mixed-use destinations, workplace campuses and retail-led properties.
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