British Land’s “Buy” Rating Reaffirmed at Jefferies Group (BLND)
British Land (LON:BLND)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 707 ($11.61) target price on the stock. Jefferies Group’s target price indicates a potential upside of 6.40% from the company’s current price.
British Land (LON:BLND) traded down 0.15% during mid-day trading on Friday, hitting GBX 664.50. 3,447,106 shares of the company’s stock traded hands. British Land has a 1-year low of GBX 536.00 and a 1-year high of GBX 675.50. The stock’s 50-day moving average is GBX 627.4 and its 200-day moving average is GBX 602.5. The company’s market cap is £6.638 billion.
A number of other analysts have also recently weighed in on BLND. Analysts at Liberum Capital raised their price target on shares of British Land from GBX 724 ($11.88) to GBX 732 ($12.02) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at HSBC initiated coverage on shares of British Land in a research note to investors on Wednesday. They set an “overweight” rating and a GBX 814 ($13.36) price target on the stock. Finally, 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. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 646.83 ($10.62).
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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