British Land Coverage Initiated by Analysts at HSBC (BLND)
Analysts at HSBC assumed coverage on shares of British Land (LON:BLND) in a research report issued to clients and investors on Wednesday, American Banking and Market News reports. The firm set an “overweight” rating and a GBX 814 ($13.36) price target on the stock. HSBC’s price target suggests a potential upside of 21.04% from the stock’s previous close.
British Land (LON:BLND) opened at 672.50 on Wednesday. British Land has a 52 week low of GBX 536.00 and a 52 week high of GBX 667.50. The stock has a 50-day moving average of GBX 622.0 and a 200-day moving average of GBX 601.1. The company’s market cap is £6.718 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of British Land in a research note to investors on Monday. They now have a GBX 720 ($11.82) price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of British Land to a “neutral” rating in a research note to investors on Wednesday, January 15th. They now have a GBX 680 ($11.16) price target on the stock, up previously from GBX 670 ($11.00). Finally, analysts at Jefferies Group upgraded shares of British Land to a “buy” rating in a research note to investors on Wednesday, January 15th. They now have a GBX 707 ($11.61) price target on the stock, up previously from GBX 659 ($10.82). Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. British Land currently has an average rating of “Hold” and an average price target of GBX 646.39 ($10.61).
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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