British Land Company PLC (BLND) Insider Acquires £155.22 in Stock
British Land Company PLC (LON:BLND) insider Chris Grigg bought 26 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The stock was purchased at an average price of GBX 597 ($7.28) per share, for a total transaction of £155.22 ($189.18).
Shares of British Land Company PLC (LON:BLND) traded down 1.35% during mid-day trading on Monday, reaching GBX 585.50. The company’s stock had a trading volume of 3,204,563 shares. The company’s 50-day moving average is GBX 628.34 and its 200 day moving average is GBX 671.60. British Land Company PLC has a 1-year low of GBX 499.96 and a 1-year high of GBX 879.00. The firm’s market capitalization is GBX 6.03 billion.
A number of brokerages recently commented on BLND. Deutsche Bank AG dropped their target price on British Land Company PLC from GBX 900 ($10.97) to GBX 810 ($9.87) and set a “hold” rating on the stock in a research report on Friday, June 24th. JPMorgan Chase & Co. dropped their target price on British Land Company PLC from GBX 950 ($11.58) to GBX 900 ($10.97) and set an “overweight” rating on the stock in a research report on Wednesday, June 22nd. BNP Paribas reiterated an “outperform” rating and issued a GBX 840 ($10.24) target price on shares of British Land Company PLC in a research report on Monday, June 20th. Numis Securities Ltd lowered British Land Company PLC to a “hold” rating and dropped their target price for the company from GBX 805 ($9.81) to GBX 671 ($8.18) in a research report on Tuesday, August 16th. Finally, Morgan Stanley upped their target price on British Land Company PLC from GBX 610 ($7.43) to GBX 660 ($8.04) and gave the company an “overweight” rating in a research report on Wednesday, August 31st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 786.79 ($9.59).
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About British Land Company PLC
British Land Company PLC (British Land) is a real estate company. The Company manages, develops and finances portfolio of properties. The Company focuses on retail locations around the United Kingdom and London offices. The Company allocates resources to investment and asset management according to the sectors it expects to perform over the medium-term.
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