British Land (OTCMKTS:BTLCY) Share Price Passes Below 50 Day Moving Average of $4.58

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British Land Company PLC (OTCMKTS:BTLCY)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.58 and traded as low as $4.30. British Land shares last traded at $4.40, with a volume of 36,702 shares changing hands.

A number of research firms have recently issued reports on BTLCY. Jefferies Financial Group upgraded shares of British Land from a “hold” rating to a “buy” rating in a research note on Thursday, July 16th. Royal Bank of Canada reiterated a “sector perform” rating on shares of British Land in a research note on Friday, June 19th. HSBC reissued a “hold” rating on shares of British Land in a report on Thursday, June 25th. Morgan Stanley lowered shares of British Land from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 3rd. Finally, Zacks Investment Research raised shares of British Land from a “sell” rating to a “hold” rating in a report on Wednesday, August 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.25.

The business’s fifty day simple moving average is $4.57 and its 200 day simple moving average is $4.69. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.40.

British Land Company Profile (OTCMKTS:BTLCY)

Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.

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