British Land Stock Rating Lowered by Societe Generale (BLND)
British Land (LON:BLND) was downgraded by stock analysts at Societe Generale to a “hold” rating in a report issued on Tuesday, Stock Ratings Network.com reports. They currently have a GBX 620 ($10.00) price target on the stock, down from their previous price target of GBX 670 ($10.81). Societe Generale’s price target suggests a potential upside of 7.36% from the stock’s previous close.
British Land (LON:BLND) opened at 579.50 on Tuesday. British Land has a 52-week low of GBX 498.299 and a 52-week high of GBX 659.50. The stock has a 50-day moving average of GBX 574.6 and a 200-day moving average of GBX 585.. The company’s market cap is £5.715 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue reiterated a “reduce” rating on shares of British Land (LON:BLND) in a research note to investors on Thursday, September 26th. They now have a GBX 565 ($9.12) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of British Land (LON:BLND) in a research note to investors on Tuesday, September 24th. They now have a GBX 520 ($8.39) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of British Land (LON:BLND) in a research note to investors on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. British Land has a consensus rating of “Hold” and a consensus target price of GBX 605.80 ($9.77).
The British Land Company PLC is a real estate investment trust. It provides investors with access to a diverse range of property assets, which it manages, finances and develops.
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