British Land (BLND) Price Target Increased to GBX 700 by Analysts at Peel Hunt

British Land (LON:BLND) had its target price upped by research analysts at Peel Hunt from GBX 675 ($9.15) to GBX 700 ($9.49) in a note issued to investors on Wednesday. The brokerage presently has an “add” rating on the stock. Peel Hunt’s price objective points to a potential upside of 3.06% from the stock’s current price.

A number of other research firms also recently issued reports on BLND. HSBC restated a “hold” rating and issued a GBX 678 ($9.19) target price on shares of British Land in a report on Friday, November 17th. Deutsche Bank boosted their price objective on shares of British Land from GBX 650 ($8.81) to GBX 700 ($9.49) and gave the stock a “buy” rating in a research note on Friday, December 1st. JPMorgan Chase & Co. boosted their price objective on shares of British Land from GBX 710 ($9.63) to GBX 740 ($10.04) and gave the stock a “neutral” rating in a research note on Monday. Liberum Capital boosted their price objective on shares of British Land from GBX 665 ($9.02) to GBX 725 ($9.83) and gave the stock a “hold” rating in a research note on Monday, January 8th. Finally, Jefferies Group reiterated an “underperform” rating and set a GBX 500 ($6.78) price objective on shares of British Land in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. British Land presently has an average rating of “Hold” and an average target price of GBX 673.38 ($9.13).

Shares of British Land (LON:BLND) opened at GBX 679.20 ($9.21) on Wednesday. British Land has a twelve month low of GBX 574.60 ($7.79) and a twelve month high of GBX 695 ($9.43). The stock has a market cap of $6,770.00 and a P/E ratio of 1,191.58.

In other news, insider Lucinda Bell sold 60,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of GBX 622 ($8.44), for a total value of £373,200 ($506,102.52). Also, insider Tim Score bought 2,654 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was purchased at an average price of GBX 683 ($9.26) per share, with a total value of £18,126.82 ($24,582.07). Insiders bought 2,723 shares of company stock valued at $1,857,078 over the last 90 days.

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About British Land

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.

Analyst Recommendations for British Land (LON:BLND)

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