Jefferies Group Reiterates Hold Rating for British Land (BLND)
British Land (LON:BLND)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Monday, Stock Ratings Network reports. They currently have a GBX 608 ($9.71) price target on the stock. Jefferies Group’s target price would indicate a potential upside of 1.93% from the company’s current price.
Shares of British Land (LON:BLND) traded up 0.93% on Monday, hitting GBX 596.50. The stock had a trading volume of 2,084,001 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 £5.882 billion.
A number of other analysts have also recently weighed in on BLND. Analysts at AlphaValue reiterated a “reduce” rating on shares of British Land in a research note to investors on Thursday. They now have a GBX 563 ($8.99) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of British Land in a research note to investors on Tuesday, October 8th. They now have a GBX 520 ($8.30) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of British Land in a research note to investors on Monday, October 7th. They now have a GBX 520 ($8.30) price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 604.55 ($9.65).
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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