Peel Hunt Reiterates “Add” Rating for British Land (BLND)

British Land (LON:BLND)‘s stock had its “add” rating reaffirmed by equities researchers at Peel Hunt in a report released on Friday. They currently have a GBX 700 ($9.81) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 10.31% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Liberum Capital reissued a “hold” rating and issued a GBX 725 ($10.17) price objective on shares of British Land in a research report on Friday, January 19th. JPMorgan Chase & Co. increased their price objective on shares of British Land from GBX 710 ($9.96) to GBX 740 ($10.38) and gave the stock a “neutral” rating in a research report on Monday, January 15th. Deutsche Bank increased their price objective on shares of British Land from GBX 700 ($9.81) to GBX 720 ($10.10) and gave the stock a “buy” rating in a research report on Monday, January 22nd. Jefferies Group reissued an “underperform” rating and issued a GBX 500 ($7.01) price objective on shares of British Land in a research report on Friday, November 17th. Finally, Numis Securities reissued a “hold” rating and issued a GBX 679 ($9.52) price objective on shares of British Land in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 674.92 ($9.46).

Shares of British Land (LON BLND) opened at GBX 634.60 ($8.90) on Friday. British Land has a 52-week low of GBX 587 ($8.23) and a 52-week high of GBX 695 ($9.74). The stock has a market cap of $6,290.00 and a price-to-earnings ratio of 1,113.33.

In other British Land news, insider Lucinda Bell sold 60,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of GBX 622 ($8.72), for a total transaction of £373,200 ($523,275.38). Also, insider Tim Score acquired 2,654 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were bought at an average cost of GBX 683 ($9.58) per share, with a total value of £18,126.82 ($25,416.18). Over the last ninety days, insiders have purchased 2,723 shares of company stock valued at $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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