British Land (OTCMKTS:BTLCY) Hits New 1-Year High – Here’s What Happened

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $5.79 and last traded at $5.79, with a volume of 3655 shares changing hands. The stock had previously closed at $5.6750.

Analyst Upgrades and Downgrades

BTLCY has been the subject of several recent analyst reports. Panmure Gordon raised shares of British Land to a “buy” rating in a report on Tuesday, December 2nd. Morgan Stanley reissued an “overweight” rating on shares of British Land in a research report on Friday, December 5th. Finally, UBS Group raised British Land from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, British Land currently has an average rating of “Buy”.

British Land Stock Up 2.0%

The business has a fifty day moving average price of $5.39 and a 200 day moving average price of $4.99.

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.