British Land (OTCMKTS:BTLCY) Raised to “Hold” at HSBC

British Land (OTCMKTS:BTLCY) was upgraded by stock analysts at HSBC from a “reduce” rating to a “hold” rating in a research report issued on Monday, MarketBeat Ratings reports.

Separately, Stifel Nicolaus downgraded shares of British Land from a “buy” rating to a “hold” rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, British Land currently has a consensus rating of “Hold” and a consensus price target of $432.00.

British Land Stock Performance

OTCMKTS BTLCY opened at $5.14 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59. British Land has a fifty-two week low of $3.48 and a fifty-two week high of $5.64. The business has a 50 day moving average price of $5.18 and a two-hundred day moving average price of $4.93.

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.