Several other brokerages also recently issued reports on BLND. JPMorgan Chase lifted their price objective on British Land from GBX 710 ($9.97) to GBX 740 ($10.39) and gave the stock a neutral rating in a research report on Monday, January 15th. Liberum Capital restated a hold rating and set a GBX 725 ($10.18) price objective on shares of British Land in a research report on Friday, January 19th. Jefferies Group restated an underperform rating and set a GBX 475 ($6.67) price objective on shares of British Land in a research report on Thursday, January 18th. Credit Suisse Group lifted their price objective on British Land from GBX 630 ($8.84) to GBX 710 ($9.97) and gave the stock a neutral rating in a research report on Wednesday, December 6th. Finally, Goldman Sachs cut their price objective on British Land from GBX 660 ($9.26) to GBX 650 ($9.12) and set a neutral rating for the company in a research report on Wednesday, March 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of GBX 675.62 ($9.48).
Shares of British Land stock opened at GBX 649.80 ($9.12) on Thursday. British Land has a 1 year low of GBX 587 ($8.24) and a 1 year high of GBX 695 ($9.76).
In other British Land news, insider Tim Score purchased 2,654 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was bought at an average cost of GBX 683 ($9.59) per share, for a total transaction of £18,126.82 ($25,444.72). Insiders acquired a total of 2,699 shares of company stock valued at $1,842,346 over the last quarter.
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British Land Company Profile
Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £18.1 billion (British Land share:£13.5 billion) as at 30 September 2017 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.
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