British Land Company PLC (BLND) Given Consensus Recommendation of “Hold” by Analysts

British Land Company PLC (LON:BLND) has been given an average recommendation of “Hold” by the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 680.30 ($8.89).

BLND has been the topic of several recent research reports. Liberum Capital reaffirmed a “hold” rating on shares of British Land in a research note on Tuesday, July 17th. UBS Group reaffirmed a “buy” rating and issued a GBX 840 ($10.98) price objective (up previously from GBX 820 ($10.71)) on shares of British Land in a research note on Friday, July 20th. JPMorgan Chase & Co. lowered their price objective on shares of British Land from GBX 740 ($9.67) to GBX 715 ($9.34) and set a “neutral” rating on the stock in a research note on Thursday, September 6th. Citigroup reaffirmed a “neutral” rating on shares of British Land in a research note on Friday, September 14th. Finally, Credit Suisse Group lowered their price objective on shares of British Land from GBX 695 ($9.08) to GBX 620 ($8.10) and set an “underperform” rating on the stock in a research note on Monday, October 22nd.

Shares of BLND opened at GBX 583.20 ($7.62) on Friday. British Land has a 12-month low of GBX 587 ($7.67) and a 12-month high of GBX 695 ($9.08).



In other news, insider Lynn Gladden bought 1,416 shares of the company’s stock in a transaction dated Monday, October 8th. The shares were acquired at an average cost of GBX 597 ($7.80) per share, with a total value of £8,453.52 ($11,046.02). Also, insider Timothy Andrew Roberts sold 2,348 shares of British Land stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of GBX 624 ($8.15), for a total transaction of £14,651.52 ($19,144.81). Over the last three months, insiders bought 1,491 shares of company stock worth $890,547.

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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Analyst Recommendations for British Land (LON:BLND)

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