Deutsche Bank Reiterates “Hold” Rating for British Land (LON:BLND)

British Land (LON:BLND)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a report released on Friday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts also recently commented on the company. Barclays decreased their target price on BT Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set an “equal weight” rating for the company in a research note on Friday, May 10th. Goldman Sachs Group upgraded to a “buy” rating and set a GBX 1,180 ($15.42) target price for the company in a research note on Tuesday, June 4th. JPMorgan Chase & Co. set a $195.00 price objective on bluebird bio and gave the stock a “buy” rating in a research report on Friday, May 17th. Liberum Capital reiterated a “buy” rating and set a GBX 119 ($1.55) price objective on shares of in a research report on Wednesday, June 26th. Finally, Morgan Stanley boosted their price objective on TELUS from C$53.00 to C$55.00 in a research report on Thursday, March 14th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 625.62 ($8.17).

Shares of BLND stock opened at GBX 539.80 ($7.05) on Friday. The company has a debt-to-equity ratio of 37.44, a quick ratio of 0.70 and a current ratio of 0.94. The company has a 50 day moving average of GBX 539.63. British Land has a 52 week low of GBX 520 ($6.79) and a 52 week high of GBX 664 ($8.68). The firm has a market capitalization of $5.10 billion and a P/E ratio of -17.99.

In other news, insider Simon Carter bought 7,774 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average price of GBX 535 ($6.99) per share, with a total value of £41,590.90 ($54,345.88). In the last three months, insiders have purchased 7,852 shares of company stock worth $4,203,598.

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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Analyst Recommendations for British Land (LON:BLND)

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