British Land (LON:BLND) Rating Reiterated by UBS Group

UBS Group reiterated their buy rating on shares of British Land (LON:BLND) in a report published on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other analysts also recently weighed in on the stock. Goldman Sachs Group reiterated a neutral rating on shares of British Land in a research report on Thursday, August 8th. Peel Hunt reiterated a hold rating and issued a GBX 575 ($7.51) price target on shares of British Land in a research report on Tuesday, October 1st. Morgan Stanley cut their price target on shares of 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. Peel Hunt reiterated a hold rating on shares of British Land in a research report on Tuesday. Finally, Liberum Capital reiterated a hold rating on shares of British Land in a research report 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 assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 584.31 ($7.64).

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Shares of LON:BLND opened at GBX 573 ($7.49) on Tuesday. The company has a market capitalization of $5.33 billion and a price-to-earnings ratio of -19.10. The firm’s 50 day simple moving average is GBX 592.29 and its 200 day simple moving average is GBX 553. The company has a debt-to-equity ratio of 37.44, a current ratio of 0.94 and a quick ratio of 0.70. British Land has a fifty-two week low of GBX 465.30 ($6.08) and a fifty-two week high of GBX 649.40 ($8.49).

In other British Land news, insider William Jackson bought 1,995 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was acquired at an average cost of GBX 562 ($7.34) per share, with a total value of £11,211.90 ($14,650.33). Over the last three months, insiders have purchased 2,052 shares of company stock valued at $1,151,015.

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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