British Land Company Plc (LON:BLND – Get Rating)’s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 391.70 ($4.73) and last traded at GBX 391.70 ($4.73), with a volume of 1192788 shares changing hands. The stock had previously closed at GBX 410.10 ($4.96).
Wall Street Analysts Forecast Growth
BLND has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of British Land from GBX 580 ($7.01) to GBX 540 ($6.52) and set an “overweight” rating for the company in a research report on Monday, July 4th. JPMorgan Chase & Co. decreased their price objective on shares of British Land from GBX 710 ($8.58) to GBX 700 ($8.46) and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, British Land presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 557.50 ($6.74).
British Land Trading Down 2.9 %
The firm has a market cap of £3.58 billion and a price-to-earnings ratio of 386.53. The business’s 50 day moving average price is GBX 451.12 and its 200-day moving average price is GBX 487.28. The company has a debt-to-equity ratio of 42.23, a quick ratio of 0.23 and a current ratio of 0.31.
British Land Company Profile
Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.
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