British Land Company PLC (BLND) Receives Hold Rating from Numis Securities Ltd
British Land Company PLC (LON:BLND)‘s stock had its “hold” rating reissued by equities research analysts at Numis Securities Ltd in a report released on Thursday. They presently have a GBX 679 ($9.02) price target on the stock. Numis Securities Ltd’s price target indicates a potential upside of 11.22% from the company’s previous close.
A number of other analysts have also recently commented on BLND. Liberum Capital reiterated a “hold” rating and issued a GBX 665 ($8.84) price target on shares of British Land Company PLC in a research note on Friday, August 18th. HSBC Holdings plc cut shares of British Land Company PLC to a “hold” rating and cut their price target for the company from GBX 738 ($9.81) to GBX 678 ($9.01) in a research note on Monday, August 21st. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 611 ($8.12) price target on shares of British Land Company PLC in a research note on Wednesday, September 27th. Deutsche Bank AG upgraded shares of British Land Company PLC to a “buy” rating and increased their price target for the company from GBX 590 ($7.84) to GBX 660 ($8.77) in a research note on Monday, September 11th. Finally, J P Morgan Chase & Co increased their price target on shares of British Land Company PLC from GBX 700 ($9.30) to GBX 710 ($9.43) and gave the company a “neutral” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 665.73 ($8.85).
British Land Company PLC (LON:BLND) remained flat at GBX 610.50 during midday trading on Thursday. 3,908,923 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 6.29 billion. The firm’s 50-day moving average is GBX 603.36 and its 200-day moving average is GBX 622.31. British Land Company PLC has a one year low of GBX 566.41 and a one year high of GBX 675.50.
In other British Land Company PLC news, insider William Jackson purchased 1,098 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were acquired at an average cost of GBX 598 ($7.95) per share, with a total value of £6,566.04 ($8,724.48). In the last 90 days, insiders have bought 1,172 shares of company stock valued at $701,771.
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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