British Land Company PLC (BLND) Given Average Recommendation of “Hold” by Brokerages
Shares of British Land Company PLC (LON:BLND) have received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 671.71 ($8.98).
Several analysts have commented on BLND shares. Canaccord Genuity lifted their price objective on shares of British Land from GBX 705 ($9.43) to GBX 745 ($9.96) and gave the company a “buy” rating in a research note on Friday, December 22nd. Credit Suisse Group lifted their price objective on shares of British Land from GBX 630 ($8.42) to GBX 710 ($9.49) and gave the company a “neutral” rating in a research note on Wednesday, December 6th. Deutsche Bank lifted their price objective on shares of British Land from GBX 650 ($8.69) to GBX 700 ($9.36) and gave the company a “buy” rating in a research note on Friday, December 1st. Numis Securities restated a “hold” rating and set a GBX 652 ($8.72) price objective on shares of British Land in a research note on Friday, December 1st. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 710 ($9.49) price objective on shares of British Land in a research note on Friday, November 17th.
Shares of British Land (LON BLND) opened at GBX 691.50 ($9.25) on Monday. The firm has a market cap of $6,840.00 and a P/E ratio of 1,213.16. British Land has a 12-month low of GBX 574.60 ($7.68) and a 12-month high of GBX 695 ($9.29).
In related news, insider William Jackson acquired 1,098 shares of British Land stock in a transaction on Friday, October 6th. The stock was bought at an average cost of GBX 598 ($8.00) per share, for a total transaction of £6,566.04 ($8,779.30). Also, insider Lucinda Bell sold 60,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of GBX 622 ($8.32), for a total transaction of £373,200 ($498,997.19). Over the last quarter, insiders purchased 1,170 shares of company stock valued at $701,394.
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.
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