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).
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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