British Land Company PLC (BLND) Given Consensus Recommendation of “Hold” by Brokerages
British Land Company PLC (LON:BLND) has received an average recommendation of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 665.73 ($8.85).
A number of equities research analysts recently weighed in on BLND shares. Deutsche Bank AG upgraded shares of British Land Company PLC to a “buy” rating and lifted their price objective for the company from GBX 590 ($7.84) to GBX 660 ($8.77) in a report on Monday, September 11th. HSBC Holdings plc downgraded shares of British Land Company PLC to a “hold” rating and cut their target price for the company from GBX 738 ($9.81) to GBX 678 ($9.01) in a research report on Monday, August 21st. Liberum Capital reissued a “hold” rating and set a GBX 665 ($8.84) target price on shares of British Land Company PLC in a research report on Friday, August 18th. Numis Securities Ltd reissued a “hold” rating and set a GBX 679 ($9.02) target price on shares of British Land Company PLC in a research report on Tuesday, July 18th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 611 ($8.12) target price on shares of British Land Company PLC in a research report on Wednesday, September 27th.
In other news, insider William Jackson acquired 1,098 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were purchased at an average price of GBX 598 ($7.95) per share, with a total value of £6,566.04 ($8,724.48). In the last ninety days, insiders bought 1,172 shares of company stock worth $701,771.
British Land Company PLC (LON BLND) opened at 615.64 on Wednesday. The company’s 50 day moving average is GBX 602.50 and its 200 day moving average is GBX 622.33. British Land Company PLC has a 12 month low of GBX 566.41 and a 12 month high of GBX 675.50. The stock’s market cap is GBX 6.34 billion.
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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