British Land Company (BLND)

Sector:

Property Investment Trusts

Index:

FTSE 250

426.60p
   
  • Change Today:
      2.00p
  • 52 Week High: 444.60
  • 52 Week Low: 291.80
  • Currency: UK Pounds
  • Shares Issued: 927.51m
  • Volume: 1,723,371
  • Market Cap: £3,956.77m
  • RiskGrade: 188

HSBC says London property stocks will rebound alongside pound

By Alexander Bueso

Date: Monday 24 Oct 2022

LONDON (ShareCast) - (Sharecast News) - London property stocks were likely to rebound alongside a strengthening pound, analysts at HSBC predicted.
"Once a perceived inflexion point for GBP occurs it will likely present a highly attractive currency-based entry point into one of the world's most iconic capital cities," strategists including Stephen Bramley-Jackson wrote in a research note sent to clients, Bloomberg reported.

Hence their decision to upgrade their recommendations for shares of British Land and Land Securities from 'hold' to 'buy'.

Bramley-Jackson reportedly went on to warn against excessive pessimism on the sector at current share price levels, telling clients that the de-rating had run too far when taking into account the outlook and that there was "genuine value" to be found.



Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

British Land Market Data

Currency UK Pounds
Share Price 426.60p
Change Today 2.00p
% Change 0.47 %
52 Week High 444.60
52 Week Low 291.80
Volume 1,723,371
Shares Issued 927.51m
Market Cap £3,956.77m
RiskGrade 188

British Land Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.5% below the market average32.5% below the market average32.5% below the market average32.5% below the market average32.5% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
33.22% above the market average33.22% above the market average33.22% above the market average33.22% above the market average33.22% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Income
51.32% above the market average51.32% above the market average51.32% above the market average51.32% above the market average51.32% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
64.86% below the market average64.86% below the market average64.86% below the market average64.86% below the market average64.86% below the market average
79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average

What The Brokers Say

Strong Buy 6
Buy 4
Neutral 7
Sell 1
Strong Sell 1
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

British Land Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Jun-24 23-Nov-23
Paid 26-Jul-24 05-Jan-24
Amount 10.64p 12.16p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 5,845 @ 426.60p
16:35 1,120,074 @ 426.60p
16:35 4,251 @ 426.60p
16:35 728 @ 426.60p
16:35 270 @ 426.60p

British Land Key Personnel

CEO Simon Carter
CFO Bhavesh Mistry

Top of Page