British Land Company PLC (BLND) Trading Up 1.7%
British Land Company PLC (LON:BLND) was up 1.7% on Tuesday . The company traded as high as GBX 601.50 ($7.94) and last traded at GBX 601 ($7.93). Approximately 10,755,064 shares were traded during mid-day trading, an increase of 194% from the average daily volume of 3,657,430 shares. The stock had previously closed at GBX 591 ($7.80).
A number of equities research analysts have recently weighed in on BLND shares. Deutsche Bank AG upgraded shares of British Land Company PLC to a “buy” rating and raised their price objective for the company from GBX 590 ($7.79) to GBX 660 ($8.71) in a report on Monday, September 11th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 611 ($8.06) target price on shares of British Land Company PLC in a research report on Wednesday, September 27th. Liberum Capital increased their target price on shares of British Land Company PLC from GBX 650 ($8.58) to GBX 665 ($8.78) and gave the company a “hold” rating in a research report on Tuesday, August 1st. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 679 ($8.96) target price on shares of British Land Company PLC in a research report on Tuesday, July 18th. Finally, J P Morgan Chase & Co increased their target price on shares of British Land Company PLC from GBX 700 ($9.24) to GBX 710 ($9.37) and gave the company a “neutral” rating in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 665.73 ($8.78).
In related news, insider William Jackson purchased 1,098 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were purchased at an average cost of GBX 598 ($7.89) per share, with a total value of £6,566.04 ($8,664.61). Insiders purchased 1,172 shares of company stock worth $701,771 over the last ninety days.
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About British Land Company PLC
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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