Barclays lowered shares of British Land (LON:BLND) to an equal weight rating in a research note released on Wednesday. They currently have GBX 580 ($7.58) price objective on the stock, down from their previous price objective of GBX 730 ($9.54).
A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on British Land from GBX 740 ($9.67) to GBX 715 ($9.34) and set a neutral rating on the stock in a report on Thursday, September 6th. Citigroup reiterated a neutral rating on shares of British Land in a report on Friday, September 14th. UBS Group reiterated a buy rating and set a GBX 840 ($10.98) price target (up previously from GBX 820 ($10.71)) on shares of British Land in a report on Friday, July 20th. Liberum Capital reissued a hold rating on shares of British Land in a research report on Tuesday, July 17th. Finally, Credit Suisse Group reduced their price objective on British Land from GBX 695 ($9.08) to GBX 620 ($8.10) and set an underperform rating for the company in a research report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 690.50 ($9.02).
Shares of BLND stock traded up GBX 12.80 ($0.17) on Wednesday, reaching GBX 621.20 ($8.12). 4,476,384 shares of the company’s stock traded hands, compared to its average volume of 3,540,000. British Land has a 12-month low of GBX 587 ($7.67) and a 12-month high of GBX 695 ($9.08).
About British Land
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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