British Land (OTCMKTS:BTLCY) Hits New 1-Year High at $6.23

British Land Company PLC (OTCMKTS:BTLCY)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.23 and last traded at $6.22, with a volume of 9254 shares changing hands. The stock had previously closed at $6.05.

Analysts Set New Price Targets

Several research firms have issued reports on BTLCY. Hsbc Global Res raised shares of British Land to a “hold” rating in a research report on Monday, July 1st. Stifel Nicolaus cut shares of British Land from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. Finally, HSBC raised shares of British Land from a “reduce” rating to a “hold” rating in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

British Land Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 0.59 and a quick ratio of 0.59. The firm’s fifty day moving average price is $5.32 and its 200 day moving average price is $5.11.

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.