British Land (LON:BLND)‘s stock had its “hold” rating reiterated by stock analysts at Liberum Capital in a research note issued to investors on Friday.
BLND has been the topic of a number of other reports. Barclays lowered shares of British Land to an “equal weight” rating and reduced their price objective for the company from GBX 730 ($9.54) to GBX 580 ($7.58) in a report on Wednesday, November 7th. Citigroup lowered shares of British Land to a “sell” rating and reduced their price objective for the company from GBX 647 ($8.45) to GBX 452 ($5.91) in a report on Friday, January 25th. BNP Paribas lowered shares of British Land to a “neutral” rating and reduced their price objective for the company from GBX 700 ($9.15) to GBX 680 ($8.89) in a report on Thursday, November 29th. Credit Suisse Group restated an “underperform” rating on shares of British Land in a report on Wednesday, November 14th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of British Land in a research report on Wednesday, November 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 652.08 ($8.52).
Shares of BLND opened at GBX 575.20 ($7.52) on Friday. British Land has a twelve month low of GBX 587 ($7.67) and a twelve month high of GBX 695 ($9.08).
In related news, insider William Jackson bought 2,605 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The shares were purchased at an average cost of GBX 532 ($6.95) per share, with a total value of £13,858.60 ($18,108.72). Insiders purchased a total of 2,683 shares of company stock worth $1,430,479 over the last ninety days.
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 £16.8bn (British Land share: £12.9bn) as at 30 September 2018 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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