British Land (OTCMKTS:BTLCY) Sees Large Volume Increase – What’s Next?

Shares of British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) saw strong trading volume on Friday . 23,192 shares were traded during trading, an increase of 124% from the previous session’s volume of 10,337 shares.The stock last traded at $5.57 and had previously closed at $5.64.

Wall Street Analyst Weigh In

BTLCY has been the topic of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of British Land in a research report on Friday, December 5th. Panmure Gordon raised shares of British Land to a “buy” rating in a research note on Tuesday, December 2nd. Finally, UBS Group upgraded shares of British Land from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

British Land Stock Down 1.6%

The stock’s fifty day simple moving average is $5.41 and its 200-day simple moving average is $5.00.

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.