British Land’s (BLND) Hold Rating Reiterated at Peel Hunt

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British Land (LON:BLND)‘s stock had its “hold” rating reiterated by equities researchers at Peel Hunt in a research report issued on Tuesday.

A number of other research firms have also recently commented on BLND. Credit Suisse Group reiterated an “underperform” rating on shares of British Land in a research report on Wednesday, November 14th. Deutsche Bank cut their target price on British Land from GBX 770 ($10.06) to GBX 710 ($9.28) and set a “buy” rating on the stock in a research report on Monday, November 26th. Liberum Capital reiterated a “hold” rating on shares of British Land in a research report on Wednesday, November 14th. Barclays cut British Land to an “equal weight” rating and cut their target price for the stock from GBX 730 ($9.54) to GBX 580 ($7.58) in a research report on Wednesday, November 7th. Finally, BNP Paribas cut British Land to a “neutral” rating and cut their target price for the stock from GBX 700 ($9.15) to GBX 680 ($8.89) in a research report on Thursday, November 29th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. British Land presently has an average rating of “Hold” and a consensus price target of GBX 644.23 ($8.42).

BLND opened at GBX 584.80 ($7.64) on Tuesday. British Land has a one year low of GBX 587 ($7.67) and a one year high of GBX 695 ($9.08).

In related news, insider William Jackson purchased 2,605 shares of the stock in a transaction that occurred on Friday, January 4th. The shares were purchased at an average price of GBX 532 ($6.95) per share, with a total value of £13,858.60 ($18,108.72). In the last three months, insiders have purchased 2,685 shares of company stock worth $1,430,741.

About British Land

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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Analyst Recommendations for British Land (LON:BLND)

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