British Land (OTCMKTS:BTLCY) Reaches New 52-Week High at $5.79

British Land Company PLC (OTCMKTS:BTLCY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.79 and last traded at $5.75, with a volume of 253087 shares traded. The stock had previously closed at $5.63.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BTLCY. Hsbc Global Res upgraded British Land to a “hold” rating in a research 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 lowered shares of British Land from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, British Land currently has an average rating of “Hold”.

British Land Stock Performance

The firm’s 50 day moving average is $5.23 and its two-hundred day moving average is $5.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59.

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.