Todays Report: The British Land Company PLC (BLND) Receives Consensus Recommendation of “Hold” from Brokerages

The British Land Company PLC (BLND) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of British Land Company PLC (LON:BLND) have earned a consensus recommendation of “Hold” from the twenty-one research firms that are covering the stock. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 788.69 ($9.76).

A number of brokerages have recently weighed in on BLND. BNP Paribas restated an “underperform” rating on shares of British Land Company PLC in a research report on Monday, October 3rd. Deutsche Bank AG restated a “hold” rating on shares of British Land Company PLC in a research report on Tuesday, October 4th. HSBC raised their price objective on British Land Company PLC from GBX 647 ($8.01) to GBX 738 ($9.13) and gave the company a “buy” rating in a research report on Friday, September 30th. Goldman Sachs Group Inc. cut their price objective on British Land Company PLC from GBX 910 ($11.26) to GBX 736 ($9.11) and set a “neutral” rating for the company in a research report on Wednesday, June 29th. Finally, Credit Suisse Group AG raised their price objective on British Land Company PLC from GBX 685 ($8.48) to GBX 715 ($8.85) and gave the company an “underperform” rating in a research report on Friday, June 17th.

In other British Land Company PLC news, insider Roberts,Timothy Andrew sold 37,499 shares of British Land Company PLC stock in a transaction on Friday, August 5th. The shares were sold at an average price of GBX 666 ($8.24), for a total value of £249,743.34 ($309,088.29).

Shares of British Land Company PLC (LON:BLND) traded down 0.34% on Friday, reaching GBX 593.50. The company had a trading volume of 2,984,748 shares. British Land Company PLC has a 52 week low of GBX 499.96 and a 52 week high of GBX 879.00. The stock’s 50 day moving average is GBX 632.08 and its 200 day moving average is GBX 672.69. The firm’s market capitalization is GBX 6.11 billion.

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