British Land Company PLC (BLND) Stock Rating Lowered by HSBC Holdings plc
British Land Company PLC (LON:BLND) was downgraded by research analysts at HSBC Holdings plc to a “hold” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. They currently have a GBX 678 ($8.80) price objective on the stock, down from their previous price objective of GBX 738 ($9.58). HSBC Holdings plc’s price objective would indicate a potential upside of 11.97% from the company’s current price.
A number of other research firms also recently issued reports on BLND. Peel Hunt reiterated a “hold” rating and issued a GBX 675 ($8.76) price objective on shares of British Land Company PLC in a report on Wednesday, May 17th. Liberum Capital reiterated a “hold” rating and issued a GBX 530 ($6.88) price objective on shares of British Land Company PLC in a report on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) lifted their price objective on shares of British Land Company PLC from GBX 707 ($9.18) to GBX 725 ($9.41) and gave the company a “neutral” rating in a report on Friday, May 12th. Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 500 ($6.49) price objective on shares of British Land Company PLC in a report on Wednesday, April 26th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 750 ($9.74) price objective on shares of British Land Company PLC in a report on Thursday, May 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 664.85 ($8.63).
Shares of British Land Company PLC (LON BLND) traded down 0.90% during mid-day trading on Monday, hitting GBX 605.50. 3,399,145 shares of the stock were exchanged. The firm’s market cap is GBX 6.24 billion. The company’s 50-day moving average is GBX 611.92 and its 200-day moving average is GBX 623.80. British Land Company PLC has a 1-year low of GBX 566.41 and a 1-year high of GBX 682.50.
In related news, insider William Jackson acquired 1,144 shares of British Land Company PLC stock in a transaction on Friday, July 7th. The stock was purchased at an average cost of GBX 604 ($7.84) per share, with a total value of £6,909.76 ($8,970.22). Also, insider Charles Maudsley sold 11,205 shares of British Land Company PLC stock in a transaction on Friday, June 30th. The stock was sold at an average price of GBX 601 ($7.80), for a total transaction of £67,342.05 ($87,423.15). Over the last 90 days, insiders have purchased 8,062 shares of company stock worth $5,069,073.
British Land Company PLC Company Profile
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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