British Land Company PLC Sponsored ADR (BTLCY) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) from a buy rating to a hold rating in a research report released on Wednesday, May 24th.

According to Zacks, “The British Land Co. Plc is a real estate investment trust which owns, manages, finances and develops commercial properties. Its property portfolio comprises retail parks, super stores, shopping centers, department stores, residential and offices. The British Land Co. Plc is headquartered in London, the United Kingdom. “

Separately, J P Morgan Chase & Co lowered British Land Company PLC Sponsored ADR from an overweight rating to a neutral rating in a report on Friday, May 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. British Land Company PLC Sponsored ADR has a consensus rating of Hold and a consensus price target of $9.75.

British Land Company PLC Sponsored ADR (BTLCY) traded up 0.85% on Wednesday, hitting $8.29. The stock had a trading volume of 930 shares. British Land Company PLC Sponsored ADR has a 52 week low of $7.11 and a 52 week high of $11.64. The firm has a 50-day moving average of $8.45 and a 200 day moving average of $7.99. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 44.10 and a beta of 1.44.

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About British Land Company PLC Sponsored ADR

The British Land Company PLC is a real estate company. The Company owns, manages, develops and finances a portfolio of commercial properties focused on retail locations around the United Kingdom and London offices. It creates and operates places for people to work, shop and live in. Its segments are Offices and residential, Retail and leisure, Canada Water and Other/unallocated.

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