British Land Given “Hold” Rating at Goldman Sachs Group Inc. (BLND)
British Land (LON:BLND)‘s stock had its “hold” rating restated by stock analysts at Goldman Sachs Group Inc. in a report issued on Tuesday, American Banking News.com reports. They currently have a GBX 520 ($8.34) price objective on the stock. Goldman Sachs Group Inc.’s target price suggests a potential downside of 8.45% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of British Land in a research note to investors on Monday. They now have a GBX 520 ($8.34) price target on the stock. Separately, 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. Finally, 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). Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 600.17 ($9.63).
Shares of British Land (LON:BLND) traded down 0.18% on Tuesday, hitting GBX 568.00. 2,691,748 shares of the company’s stock traded hands. 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 £5.601 billion.
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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