Barclays Downgrades British Land (LON:BLND) to Equal Weight

British Land (LON:BLND) was downgraded by Barclays to an “equal weight” rating in a report issued on Friday, MarketBeat Ratings reports. They currently have a GBX 405 ($5.09) price target on the stock, down from their prior price target of GBX 432 ($5.43). Barclays‘s target price indicates a potential upside of 0.35% from the company’s previous close.

Separately, Berenberg Bank initiated coverage on British Land in a research report on Wednesday, January 10th. They issued a “buy” rating and a GBX 469 ($5.89) target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 406.80 ($5.11).

British Land Stock Up 2.5 %

LON:BLND opened at GBX 403.60 ($5.07) on Friday. The company has a debt-to-equity ratio of 45.41, a quick ratio of 0.25 and a current ratio of 0.38. The company has a market capitalization of £3.74 billion, a price-to-earnings ratio of -354.04, a price-to-earnings-growth ratio of 6.76 and a beta of 1.54. British Land has a one year low of GBX 287.30 ($3.61) and a one year high of GBX 421.90 ($5.30). The stock has a 50-day simple moving average of GBX 378.50 and a 200 day simple moving average of GBX 369.45.

About British Land

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.