British Land (BLND) PT Raised to GBX 740 at JPMorgan Chase & Co.
British Land (LON:BLND) had its target price raised by investment analysts at JPMorgan Chase & Co. from GBX 710 ($9.63) to GBX 740 ($10.04) in a research note issued to investors on Monday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 7.43% from the stock’s current price.
Other analysts also recently issued reports about the company. Canaccord Genuity increased their target price on British Land from GBX 705 ($9.56) to GBX 745 ($10.10) and gave the company a “buy” rating in a research note on Friday, December 22nd. Deutsche Bank increased their target price on British Land from GBX 650 ($8.81) to GBX 700 ($9.49) and gave the company a “buy” rating in a research note on Friday, December 1st. Liberum Capital increased their target price on British Land from GBX 665 ($9.02) to GBX 725 ($9.83) and gave the company a “hold” rating in a research note on Monday, January 8th. Numis Securities reiterated a “hold” rating and set a GBX 652 ($8.84) target price on shares of British Land in a research note on Friday, December 1st. Finally, Societe Generale reiterated a “hold” rating and set a GBX 610 ($8.27) target price on shares of British Land in a research note on Friday, November 17th. One research analyst has 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. British Land presently has a consensus rating of “Hold” and an average target price of GBX 675.31 ($9.16).
Shares of British Land (BLND) opened at GBX 688.80 ($9.34) on Monday. British Land has a 52 week low of GBX 574.60 ($7.79) and a 52 week high of GBX 695 ($9.43). The company has a market capitalization of $6,870.00 and a price-to-earnings ratio of 1,208.42.
In related news, insider Lucinda Bell sold 60,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of GBX 622 ($8.44), for a total value of £373,200 ($506,102.52). Also, insider Tim Score bought 2,654 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was bought at an average cost of GBX 683 ($9.26) per share, for a total transaction of £18,126.82 ($24,582.07). Insiders have bought a total of 2,723 shares of company stock worth $1,857,078 over the last three months.
COPYRIGHT VIOLATION WARNING: This piece was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2018/01/17/british-land-blnd-pt-raised-to-gbx-740-at-jpmorgan-chase-co.html.
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.
Receive News & Ratings for British Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British Land and related companies with MarketBeat.com's FREE daily email newsletter.