|Bid||995.00 x 262400|
|Ask||1,014.00 x 24500|
|Day's range||999.50 - 1,008.00|
|52-week range||933.00 - 1,141.00|
|PE ratio (TTM)||70.00|
|Dividend & yield||0.50 (3.78%)|
|1y target est||N/A|
This may be an opportunity to buy out-of-favour property shares.
British Land (LSE: BLND.L - news) plans to spend up to 300 million pounds ($394 million) to buy back its shares in this financial year, the property developer said on Tuesday, citing limited investment opportunities. The company, which owns the Meadowhall shopping centre in Sheffield and office property at Paddington Central in London, said its shares were trading at a substantial discount to its net asset value, making a buyback a "clear value opportunity".
Categories: Yahoo FinanceLand Securities Group Plc relative valuation is now NEUTRAL. It was previously rated UNDERVALUED, and has a fundamental analysis score of 39. Our analysis is based on comparing Land Securities Group Plc with the following peers – Hammerson plc, Great Portland Estates plc, Shaftesbury PLC, British Land Company PLC and Derwent London plc (HMSO-GB, GPOR-GB, ... Read more (Read more...)