British Land (BLND) Price Target Raised to GBX 725
British Land (LON:BLND) had its price target lifted by stock analysts at Liberum Capital from GBX 665 ($8.89) to GBX 725 ($9.69) in a research report issued on Monday. The firm currently has a “hold” rating on the stock. Liberum Capital’s price target would suggest a potential upside of 7.44% from the stock’s current price.
A number of other research analysts have also recently commented on the company. Numis Securities restated a “hold” rating and set a GBX 679 ($9.08) price objective on shares of British Land in a research note on Thursday, October 19th. Deutsche Bank boosted their price objective on British Land from GBX 650 ($8.69) to GBX 700 ($9.36) and gave the stock a “buy” rating in a research note on Friday, December 1st. Credit Suisse Group boosted their price objective on British Land from GBX 630 ($8.42) to GBX 710 ($9.49) and gave the stock a “neutral” rating in a research note on Wednesday, December 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 710 ($9.49) price objective on shares of British Land in a research note on Friday, November 17th. Finally, Canaccord Genuity boosted their price target on British Land from GBX 705 ($9.43) to GBX 745 ($9.96) and gave the stock a “buy” rating in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 676 ($9.04).
British Land (LON:BLND) opened at GBX 674.80 ($9.02) on Monday. The company has a market capitalization of $6,750.00 and a PE ratio of 1,183.86. British Land has a one year low of GBX 574.60 ($7.68) and a one year high of GBX 695 ($9.29).
In related news, insider Lucinda Bell sold 60,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of GBX 622 ($8.32), for a total value of £373,200 ($498,997.19). Over the last three months, insiders purchased 72 shares of company stock valued at $44,790.
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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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