Liberum Capital Reaffirms Hold Rating for British Land (BLND)

British Land (LON:BLND)‘s stock had its “hold” rating reaffirmed by analysts at Liberum Capital in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Other equities analysts also recently issued reports about the company. Deutsche Bank dropped their target price on British Land from GBX 710 ($9.28) to GBX 660 ($8.62) and set a “buy” rating for the company in a research report on Wednesday, January 16th. Morgan Stanley dropped their target price on British Land from GBX 640 ($8.36) to GBX 620 ($8.10) and set an “equal weight” rating for the company in a research report on Thursday, March 14th. Peel Hunt reiterated a “hold” rating on shares of British Land in a research report on Tuesday, February 19th. Goldman Sachs Group dropped their target price on British Land from GBX 620 ($8.10) to GBX 589 ($7.70) and set a “neutral” rating for the company in a research report on Friday, January 25th. Finally, JPMorgan Chase & Co. dropped their target price on British Land from GBX 715 ($9.34) to GBX 660 ($8.62) and set a “neutral” rating for the company in a research report on Monday, January 21st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. British Land has a consensus rating of “Hold” and a consensus price target of GBX 632.50 ($8.26).

British Land stock opened at GBX 601.20 ($7.86) on Tuesday. The company has a quick ratio of 0.60, a current ratio of 1.18 and a debt-to-equity ratio of 31.78. The stock has a market capitalization of $5.71 billion and a price-to-earnings ratio of 29.04. British Land has a 12 month low of GBX 520 ($6.79) and a 12 month high of GBX 703 ($9.19).

In other news, insider Chris Grigg sold 4,978 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of GBX 604 ($7.89), for a total value of £30,067.12 ($39,288.02). Also, insider William Jackson purchased 2,310 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was bought at an average cost of GBX 599 ($7.83) per share, with a total value of £13,836.90 ($18,080.36). In the last three months, insiders bought 2,385 shares of company stock valued at $1,428,519.

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.

See Also: Why are trading ranges significant?

Analyst Recommendations for British Land (LON:BLND)

Receive News & Ratings for British Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British Land and related companies with MarketBeat.com's FREE daily email newsletter.