British Land (BLND) Trading 0% Higher
British Land Company PLC (LON:BLND)’s share price traded up 0% on Thursday . The company traded as high as GBX 632.40 ($8.74) and last traded at GBX 627 ($8.66). 2,770,000 shares changed hands during trading, a decline of 26% from the average session volume of 3,740,000 shares. The stock had previously closed at GBX 627 ($8.66).
A number of equities analysts have weighed in on the stock. Liberum Capital reiterated a “hold” rating and set a GBX 725 ($10.02) target price on shares of British Land in a research report on Friday, January 19th. JPMorgan Chase & Co. increased their target price on shares of British Land from GBX 710 ($9.81) to GBX 740 ($10.22) and gave the stock a “neutral” rating in a research report on Monday, January 15th. Peel Hunt increased their target price on shares of British Land from GBX 675 ($9.33) to GBX 700 ($9.67) and gave the stock an “add” rating in a research report on Wednesday, January 17th. Jefferies Group reiterated an “underperform” rating and set a GBX 500 ($6.91) target price on shares of British Land in a research report on Friday, November 17th. Finally, Deutsche Bank increased their target price on shares of British Land from GBX 700 ($9.67) to GBX 720 ($9.95) and gave the stock a “buy” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 676.71 ($9.35).
The stock has a market capitalization of $6,170.00 and a price-to-earnings ratio of 1,101.05.
In other news, insider Tim Score purchased 2,654 shares of the stock in a transaction dated Thursday, January 11th. The shares were purchased at an average cost of GBX 683 ($9.44) per share, with a total value of £18,126.82 ($25,043.96). Over the last three months, insiders bought 2,698 shares of company stock worth $1,842,228.
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About British Land
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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