British Land (OTCMKTS:BTLCY)‘s stock had its “buy” rating reissued by investment analysts at UBS Group in a research note issued on Thursday, The Fly reports.
BTLCY has been the topic of several other reports. Peel Hunt lowered British Land to a “hold” rating in a research note on Monday, December 14th. Morgan Stanley lowered shares of British Land from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 5th. Royal Bank of Canada downgraded shares of British Land from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 14th. Jefferies Financial Group reiterated a “buy” rating on shares of British Land in a report on Wednesday, December 9th. Finally, Zacks Investment Research lowered shares of British Land from a “buy” rating to a “hold” rating in a research note on Monday, February 1st. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $7.00.
BTLCY traded up $0.02 during trading on Thursday, hitting $7.10. 16,172 shares of the stock traded hands, compared to its average volume of 75,450. The business has a 50 day moving average price of $6.96 and a 200 day moving average price of $6.09. British Land has a twelve month low of $3.80 and a twelve month high of $7.46.
Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at Â£13.7bn (British Land share: Â£10.3bn) as at 30 September 2020 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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