Analysts Set British Land Company PLC (LON:BLND) PT at GBX 566.22

British Land Company PLC (LON:BLND) has received an average rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 580.50 ($7.59).

Several brokerages recently weighed in on BLND. Goldman Sachs Group lifted their price objective on British Land from GBX 526 ($6.87) to GBX 529 ($6.91) and gave the stock a “neutral” rating in a report on Tuesday, November 5th. UBS Group reaffirmed a “buy” rating on shares of British Land in a report on Tuesday, November 5th. Morgan Stanley reduced their target price on British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an “equal weight” rating for the company in a report on Monday, September 2nd. Citigroup reaffirmed a “sell” rating on shares of British Land in a report on Friday. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of British Land in a report on Thursday, September 19th.

In related news, insider William Jackson bought 1,995 shares of British Land stock in a transaction on Monday, October 7th. The stock was acquired at an average price of GBX 562 ($7.34) per share, with a total value of £11,211.90 ($14,650.33). Insiders have acquired a total of 2,052 shares of company stock valued at $1,151,015 in the last ninety days.

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BLND traded down GBX 7.60 ($0.10) during trading hours on Thursday, hitting GBX 573 ($7.49). The stock had a trading volume of 3,874,242 shares, compared to its average volume of 3,540,000. The company’s fifty day simple moving average is GBX 592.29 and its 200 day simple moving average is GBX 553. British Land has a 1 year low of GBX 465.30 ($6.08) and a 1 year high of GBX 649.40 ($8.49). The stock has a market cap of $5.33 billion and a PE ratio of -19.10. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 37.44.

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 £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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