British Land (LON:BLND) Stock Rating Reaffirmed by Citigroup

Citigroup reiterated their sell rating on shares of British Land (LON:BLND) in a research note published on Friday, ThisIsMoney.Co.Uk reports.

BLND has been the topic of several other research reports. Peel Hunt restated a hold rating on shares of British Land in a research note on Tuesday, November 5th. Goldman Sachs Group boosted their target price on British Land from GBX 526 ($6.87) to GBX 529 ($6.91) and gave the company a neutral rating in a research note on Tuesday, November 5th. UBS Group restated a buy rating on shares of British Land in a research note on Tuesday, November 5th. Morgan Stanley cut their target price on British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an equal weight rating on the stock in a research note on Monday, September 2nd. Finally, Peel Hunt restated a hold rating and issued a GBX 575 ($7.51) target price on shares of British Land in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 584.31 ($7.64).

Shares of LON:BLND traded down GBX 7.60 ($0.10) during trading on Friday, hitting GBX 573 ($7.49). 3,874,242 shares of the company’s stock traded hands, compared to its average volume of 3,540,000. British Land has a 52 week low of GBX 465.30 ($6.08) and a 52 week high of GBX 649.40 ($8.49). The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 37.44. The company has a market cap of $5.33 billion and a price-to-earnings ratio of -19.10. The company has a 50-day moving average price of GBX 592.29 and a 200-day moving average price of GBX 553.

In other news, insider William Jackson bought 1,995 shares of the business’s stock in a transaction on Monday, October 7th. The shares were purchased at an average price of GBX 562 ($7.34) per share, for a total transaction of £11,211.90 ($14,650.33). Insiders acquired a total of 2,052 shares of company stock worth $1,151,015 in the last 90 days.

About British Land

Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 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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Analyst Recommendations for British Land (LON:BLND)

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