A number of other research analysts have also recently commented on the company. UBS Group reaffirmed a buy rating on shares of British Land in a research report on Tuesday, November 5th. Morgan Stanley dropped their price target 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 report on Monday, September 2nd. Goldman Sachs Group upped their price target on British Land from GBX 526 ($6.87) to GBX 529 ($6.91) and gave the company a neutral rating in a research report on Tuesday, November 5th. Peel Hunt reaffirmed a hold rating on shares of British Land in a research report on Tuesday, November 5th. Finally, Peel Hunt reaffirmed a hold rating and set a GBX 575 ($7.51) price target on shares of British Land in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 584.31 ($7.64).
Shares of LON BLND traded up GBX 0.60 ($0.01) during trading on Friday, reaching GBX 573.60 ($7.50). 3,345,860 shares of the 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 debt-to-equity ratio of 37.44, a current ratio of 0.94 and a quick ratio of 0.70. The company has a 50-day moving average of GBX 592.29 and a 200-day moving average of GBX 553. The stock has a market capitalization of $5.30 billion and a P/E ratio of -19.12.
In other news, insider William Jackson acquired 1,995 shares of British Land stock in a transaction dated Monday, October 7th. The shares were purchased at an average cost of GBX 562 ($7.34) per share, for a total transaction of £11,211.90 ($14,650.33). Insiders have bought a total of 2,052 shares of company stock worth $1,151,015 over the last quarter.
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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