British Land (LON:BLND) had its price target lifted by Liberum Capital from GBX 665 ($9.02) to GBX 725 ($9.83) in a research report sent to investors on Monday. Liberum Capital currently has a hold rating on the stock.
A number of other brokerages have also issued reports on BLND. HSBC reissued a hold rating and issued a GBX 678 ($9.19) price target on shares of British Land in a report on Friday, November 17th. Deutsche Bank raised their price target on shares of British Land from GBX 650 ($8.81) to GBX 700 ($9.49) and gave the stock a buy rating in a report on Friday, December 1st. Jefferies Group reissued an underperform rating and issued a GBX 500 ($6.78) price target on shares of British Land in a report on Friday, November 17th. Credit Suisse Group raised their price target on shares of British Land from GBX 630 ($8.54) to GBX 710 ($9.63) and gave the stock a neutral rating in a report on Wednesday, December 6th. Finally, Societe Generale reissued a hold rating and issued a GBX 610 ($8.27) price target on shares of British Land in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 676 ($9.17).
Shares of British Land (LON:BLND) opened at GBX 666.40 ($9.04) on Monday. The stock has a market cap of $6,660.00 and a price-to-earnings ratio of 1,169.12. British Land has a twelve month low of GBX 574.60 ($7.79) and a twelve month high of GBX 695 ($9.43).
In related news, insider Tim Score bought 2,654 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were purchased at an average price of GBX 683 ($9.26) per share, with a total value of £18,126.82 ($24,582.07). Also, insider Lucinda Bell sold 60,000 shares of British Land stock in a transaction dated Monday, November 20th. The shares were sold at an average price of GBX 622 ($8.44), for a total transaction of £373,200 ($506,102.52). Insiders have bought a total of 2,726 shares of company stock worth $1,857,472 in the last ninety days.
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British Land Company Profile
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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