British Land (LON:BLND)‘s stock had its “hold” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also weighed in on the stock. Deutsche Bank reaffirmed a “buy” rating on shares of British Land in a report on Tuesday, March 19th. Morgan Stanley lowered their price target on shares of British Land from GBX 640 ($8.36) to GBX 620 ($8.10) and set an “equal weight” rating for the company in a report on Thursday, March 14th. Peel Hunt reiterated a “hold” rating on shares of British Land in a research note on Tuesday, February 19th. Royal Bank of Canada assumed coverage on shares of British Land in a research note on Tuesday, February 12th. They set a “sector performer” rating and a GBX 550 ($7.19) price objective on the stock. Finally, Goldman Sachs Group reduced their price objective on shares of British Land from GBX 620 ($8.10) to GBX 589 ($7.70) and set a “neutral” rating on the stock in a research note on Friday, January 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 642.50 ($8.40).
BLND opened at GBX 595.60 ($7.78) on Tuesday. The firm has a market cap of $5.65 billion and a P/E ratio of 28.77. British Land has a twelve month low of GBX 520 ($6.79) and a twelve month high of GBX 703 ($9.19). The company has a quick ratio of 0.60, a current ratio of 1.18 and a debt-to-equity ratio of 31.78.
In other British Land news, insider Chris Grigg sold 4,978 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of GBX 604 ($7.89), for a total transaction of £30,067.12 ($39,288.02). Also, insider William Jackson acquired 2,310 shares of British Land stock in a transaction on Friday, April 5th. The shares were bought at an average price of GBX 599 ($7.83) per share, for a total transaction of £13,836.90 ($18,080.36). Insiders have acquired a total of 2,385 shares of company stock worth $1,428,519 over the last quarter.
British Land Company Profile
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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