British Land (BLND) Receives Underperform Rating from Jefferies Group

British Land (LON:BLND)‘s stock had its “underperform” rating reissued by analysts at Jefferies Group in a research note issued on Thursday. They presently have a GBX 475 ($6.44) price objective on the stock. Jefferies Group’s price objective indicates a potential downside of 29.86% from the company’s previous close.

Several other equities analysts have also weighed in on BLND. Goldman Sachs Group reaffirmed a “neutral” rating and set a GBX 611 ($8.29) price objective on shares of British Land in a research report on Wednesday, September 27th. Numis Securities reiterated a “hold” rating and set a GBX 679 ($9.21) price target on shares of British Land in a report on Thursday, October 19th. Peel Hunt reiterated a “hold” rating and set a GBX 675 ($9.15) price target on shares of British Land in a report on Thursday, November 16th. HSBC reiterated a “hold” rating and set a GBX 678 ($9.19) price target on shares of British Land in a report on Friday, November 17th. Finally, Societe Generale reiterated a “hold” rating and set a GBX 610 ($8.27) price target on shares of British Land in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 673.38 ($9.13).

Shares of British Land (LON:BLND) traded down GBX 8.20 ($0.11) on Thursday, reaching GBX 677.20 ($9.18). 3,174,979 shares of the company traded hands, compared to its average volume of 3,980,000. The company has a market capitalization of $6,710.00 and a price-to-earnings ratio of 1,188.07. British Land has a 52-week low of GBX 574.60 ($7.79) and a 52-week high of GBX 695 ($9.43).

In related news, insider Tim Score acquired 2,654 shares of the stock in a transaction dated Thursday, January 11th. The shares were acquired at an average price of GBX 683 ($9.26) per share, for a total transaction of £18,126.82 ($24,582.07). Also, insider Lucinda Bell sold 60,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of GBX 622 ($8.44), for a total transaction of £373,200 ($506,102.52). In the last 90 days, insiders bought 2,723 shares of company stock worth $1,857,078.

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British Land 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.

Analyst Recommendations for British Land (LON:BLND)

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