British Land Rating Reiterated by Deutsche Bank (BLND)
British Land (LON:BLND)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, AR Network reports. They currently have a GBX 520 ($8.34) target price on the stock. Deutsche Bank’s price objective points to a potential downside of 10.03% from the company’s current price.
Shares of British Land (LON:BLND) traded down 0.52% on Monday, hitting GBX 575.00. The stock had a trading volume of 1,325,671 shares. British Land has a 52-week low of GBX 498.299 and a 52-week high of GBX 659.50. The stock’s 50-day moving average is GBX 574.6 and its 200-day moving average is GBX 585.. The company’s market cap is £5.670 billion.
A number of other firms have also recently commented on BLND. Analysts at BNP Paribas reiterated a “neutral” rating on shares of British Land in a research note to investors on Tuesday, October 1st. They now have a GBX 610 ($9.79) price target on the stock. Separately, analysts at Societe Generale downgraded shares of British Land to a “hold” rating in a research note to investors on Tuesday, October 1st. They now have a GBX 620 ($9.95) price target on the stock, down previously from GBX 670 ($10.75). Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of British Land in a research note to investors on Thursday, September 26th. They now have a GBX 565 ($9.06) price target on the stock. 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. The stock presently has an average rating of “Hold” and an average target price of GBX 607.05 ($9.74).
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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