British Land (OTCMKTS:BTLCY) Shares Gap Down – Time to Sell?

Shares of British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) gapped down before the market opened on Monday . The stock had previously closed at $5.56, but opened at $5.3150. British Land shares last traded at $5.3150, with a volume of 6,212 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Panmure Gordon upgraded shares of British Land to a “buy” rating in a research report on Tuesday, December 2nd. UBS Group raised shares of British Land from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of British Land in a report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

British Land Stock Up 0.8%

The stock’s 50 day simple moving average is $5.25 and its 200 day simple moving average is $4.93.

British Land Company Profile

British Land Company plc is a leading real estate investment trust primarily focused on the ownership, development and management of UK commercial property. The company’s portfolio is centred on high-quality office and retail destinations in key urban locations, combining long-term holdings with active redevelopment projects. Its core business activities include leasing space to corporate and retail tenants, asset management, and undertaking new developments aimed at enhancing urban environments and driving sustainable value.

Founded in 1856 as the Land Mortgage and Agency Company, British Land adopted its current name in the 1970s as it expanded beyond mortgage lending into direct property investment.