British Land (OTCMKTS:BTLCY) Trading 25,635.4% Higher – Should You Buy?

Shares of British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) traded up 25,635.4% during mid-day trading on Thursday . The stock traded as high as $1,463.0601 and last traded at $1,463.0601. 232 shares were traded during mid-day trading, a decline of 98% from the average session volume of 10,705 shares. The stock had previously closed at $5.6850.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BTLCY. Morgan Stanley reissued an “overweight” rating on shares of British Land in a research note on Friday, December 5th. Panmure Gordon raised shares of British Land to a “buy” rating in a research report on Tuesday, December 2nd. Finally, UBS Group raised shares of British Land from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, British Land currently has an average rating of “Buy”.

British Land Price Performance

The firm’s 50 day moving average price is $5.33 and its 200-day moving average price is $4.96.

About British Land

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.