AlphaValue Reiterates Reduce Rating for British Land (BLND)
British Land (LON:BLND)‘s stock had its “reduce” rating reiterated by stock analysts at AlphaValue in a report issued on Thursday, Analyst Ratings.Net reports. They currently have a GBX 563 ($9.03) target price on the stock. AlphaValue’s price objective suggests a potential downside of 0.88% from the stock’s previous close.
A number of other firms have also recently commented on BLND. Analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of British Land in a research note to investors on Tuesday. They now have a GBX 520 ($8.34) price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 600.05 ($9.63).
British Land (LON:BLND) traded up 2.64% on Thursday, hitting GBX 583.00. 1,038,383 shares of the company’s stock traded hands. British Land has a one year low of GBX 498.299 and a one year 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 £5.749 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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