British Land Company PLC with ticker (LON:BLND) now has a potential downside of -20.2% according to Jefferies.
Jefferies set a target price of 250 GBX for the company, which when compared to the British Land Company PLC share price of 313 GBX at opening today (10/10/2023) indicates a potential downside of -20.2%. Trading has ranged between 293 (52 week low) and 522 (52 week high) with an average of 8,067,353 shares exchanging hands daily. The market capitalisation at the time of writing is £2,958,855,444.
The British Land Company PLC is a United Kingdom-based property company. Its segments include Campuses and Retail & Fulfilment. The Campuses segment is leveraging the Campus proposition to focus on customers in sectors, including science, technology and health. Its three Campuses at Broadgate, Paddington Central and Regent’s Place are neighborhoods, attracting growth customers and sectors, and offering some of the connected and sustainable space in London. It is delivering its fourth Campus at Canada Water, where it is planning consent to deliver five-meter square feet of residential, commercial, retail and community space over 53 acres. Retail & Fulfilment segment has a portfolio that is focused on retail parks, which is aligned to the growth of online and last mile fulfilment. It is complementing with urban logistics primarily in London, which is focused on development-led opportunities.
British Land Company PLC -20.2% potential downside indicated by Jefferies
- Written by: Charlotte Edwards
Latest Company News
British Land has appointed Joanne McNamara as Chief Executive Officer. She joins from Oxford Properties, where she is Executive Vice President, Europe, and is expected to start by the end of November.
British Land said record leasing activity supported rental growth and a stronger earnings outlook, with underlying profit up 5% to £294m and portfolio occupancy at 96.9%.
British Land reported strong leasing across campuses and retail parks, supporting expected FY26 underlying EPS of 28.9p and like-for-like rental growth of 6%. It now expects FY27 underlying EPS of at least 30.5p after completing the acquisition of Life Science REIT.
British Land and Life Science REIT have reached agreement on a recommended acquisition structured as a court-sanctioned scheme of arrangement.
British Land has confirmed that CEO Simon Carter will step down from the Board and the business following a 12-month notice period.
British Land reports robust first-quarter leasing across its Broadgate and Norton Folgate estates. Leasing momentum is expected to continue as occupiers seek best-in-class space in core London locations.
