British Land’s Hold Rating Reaffirmed at Deutsche Bank (BLND)
British Land (LON:BLND)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Friday, American Banking News.com reports. They currently have a GBX 520 ($8.30) target price on the stock. Deutsche Bank’s price objective indicates a potential downside of 14.47% from the company’s current price.
British Land (LON:BLND) traded up 0.16% on Friday, hitting GBX 608.00. The stock had a trading volume of 2,486,777 shares. British Land has a one year low of GBX 498.299 and a one year 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 £5.996 billion.
BLND has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of British Land in a research note to investors on Monday. They now have a GBX 608 ($9.71) price target on the stock. Separately, analysts at AlphaValue reiterated a “reduce” rating on shares of British Land in a research note to investors on Thursday, October 10th. They now have a GBX 563 ($8.99) price target on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. British Land presently has a consensus rating of “Hold” and a consensus price target 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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