J P Morgan Chase & Co Boosts British Land Company PLC (BLND) Price Target to GBX 710
British Land Company PLC (LON:BLND) had its target price hoisted by equities research analysts at J P Morgan Chase & Co from GBX 700 ($9.14) to GBX 710 ($9.27) in a report released on Thursday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 14.24% from the stock’s previous close.
Several other brokerages have also commented on BLND. Credit Suisse Group restated a “neutral” rating on shares of British Land Company PLC in a research note on Wednesday, June 28th. Liberum Capital raised their target price on shares of British Land Company PLC from GBX 530 ($6.92) to GBX 650 ($8.49) and gave the company a “hold” rating in a research note on Friday, May 26th. BNP Paribas reiterated a “neutral” rating and issued a GBX 700 ($9.14) target price on shares of British Land Company PLC in a research note on Monday, April 3rd. Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 500 ($6.53) target price on shares of British Land Company PLC in a research note on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 611 ($7.98) target price on shares of British Land Company PLC in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 668.31 ($8.73).
Shares of British Land Company PLC (BLND) traded down 0.64% during mid-day trading on Thursday, reaching GBX 621.50. 3,072,768 shares of the company were exchanged. The firm’s 50-day moving average is GBX 619.09 and its 200-day moving average is GBX 622.80. British Land Company PLC has a 12 month low of GBX 566.41 and a 12 month high of GBX 682.50. The company’s market capitalization is GBX 6.40 billion.
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In other news, insider Lucinda Bell purchased 6,845 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average cost of GBX 633 ($8.27) per share, with a total value of £43,328.85 ($56,579.85). Also, insider William Jackson purchased 1,144 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The shares were purchased at an average cost of GBX 604 ($7.89) per share, with a total value of £6,909.76 ($9,022.93). Insiders have bought a total of 10,359 shares of company stock valued at $6,535,904 over the last ninety days.
About British Land Company PLC
The British Land Company PLC is a real estate company. The Company owns, manages, develops and finances a portfolio of commercial properties focused on retail locations around the United Kingdom and London offices. It creates and operates places for people to work, shop and live in. Its segments are Offices and residential, Retail and leisure, Canada Water and Other/unallocated.
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