Deutsche Bank Aktiengesellschaft Upgrades British Land (OTCMKTS:BTLCY) to “Buy”

British Land (OTCMKTS:BTLCY) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Briefing.com reports.

BTLCY has been the topic of several other reports. Hsbc Global Res raised shares of British Land to a “hold” rating in a report on Monday, July 1st. HSBC raised shares of British Land from a “reduce” rating to a “hold” rating in a research note on Monday, July 1st. Finally, Stifel Nicolaus downgraded shares of British Land from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

British Land Stock Performance

British Land stock traded down $0.10 during trading hours on Wednesday, hitting $5.88. The company had a trading volume of 3,962 shares, compared to its average volume of 14,518. British Land has a one year low of $3.48 and a one year high of $6.31. The firm has a 50-day moving average of $5.52 and a 200 day moving average of $5.23. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.41.

British Land Company Profile

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.