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

Deutsche Bank Aktiengesellschaft upgraded shares of British Land (OTCMKTS:BTLCY) from a hold rating to a buy rating in a research note released on Wednesday, Marketbeat reports.

A number of other research analysts have also recently issued reports on BTLCY. HSBC upgraded shares of British Land from a reduce rating to a hold rating in a report on Monday, July 1st. Stifel Nicolaus cut British Land from a buy rating to a hold rating in a research note on Thursday, June 20th. Finally, Hsbc Global Res upgraded British Land to a hold rating in a research note on Monday, July 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, British Land currently has an average rating of Hold.

British Land Price Performance

OTCMKTS:BTLCY opened at $5.67 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 0.59. The stock’s fifty day simple moving average is $5.56 and its 200-day simple moving average is $5.25. British Land has a 12-month low of $3.48 and a 12-month high of $6.31.

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.