British Land Company PLC’s (BLND) “Hold” Rating Reaffirmed at Peel Hunt
British Land Company PLC (LON:BLND)‘s stock had its “hold” rating restated by equities researchers at Peel Hunt in a research report issued to clients and investors on Wednesday. They presently have a GBX 675 ($8.43) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 11.29% from the stock’s current price.
Other research analysts also recently issued reports about the company. Jefferies Group increased their price objective on British Land Company PLC from GBX 647 ($8.08) to GBX 738 ($9.22) and gave the stock a “buy” rating in a report on Friday, September 30th. HSBC increased their price objective on British Land Company PLC from GBX 647 ($8.08) to GBX 738 ($9.22) and gave the stock a “buy” rating in a report on Friday, September 30th. Numis Securities Ltd restated a “hold” rating and issued a GBX 671 ($8.38) price target on shares of British Land Company PLC in a research note on Tuesday, October 25th. Deutsche Bank AG restated a “hold” rating on shares of British Land Company PLC in a research note on Tuesday, October 4th. Finally, Goldman Sachs Group Inc. decreased their price target on British Land Company PLC from GBX 736 ($9.20) to GBX 715 ($8.93) and set a “neutral” rating for the company in a research note on Wednesday, November 2nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 774.26 ($9.67).
Shares of British Land Company PLC (LON:BLND) opened at 585.905 on Wednesday. The company’s market capitalization is GBX 6.03 billion. British Land Company PLC has a 52-week low of GBX 499.96 and a 52-week high of GBX 853.00. The stock’s 50 day moving average price is GBX 600.08 and its 200-day moving average price is GBX 654.76.
British Land Company PLC Company Profile
British Land Company PLC (British Land) is a real estate company. The Company manages, develops and finances portfolio of properties. The Company focuses on retail locations around the United Kingdom and London offices. The Company allocates resources to investment and asset management according to the sectors it expects to perform over the medium-term.
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