British Land (OTCMKTS:BTLCY) Sees Large Volume Increase – Time to Buy?

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) shares saw strong trading volume on Tuesday . 30,854 shares traded hands during trading, an increase of 417% from the previous session’s volume of 5,967 shares.The stock last traded at $5.50 and had previously closed at $5.4770.

Analysts Set New Price Targets

BTLCY has been the topic of a number of research reports. Panmure Gordon raised British Land to a “buy” rating in a report on Tuesday, December 2nd. UBS Group upgraded British Land from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of British Land in a research report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

British Land Stock Up 0.4%

The firm’s 50 day moving average price is $5.21 and its two-hundred day moving average price is $4.92.

About British Land

British Land Company plc is a leading real estate investment trust primarily focused on the ownership, development and management of UK commercial property. The company’s portfolio is centred on high-quality office and retail destinations in key urban locations, combining long-term holdings with active redevelopment projects. Its core business activities include leasing space to corporate and retail tenants, asset management, and undertaking new developments aimed at enhancing urban environments and driving sustainable value.

Founded in 1856 as the Land Mortgage and Agency Company, British Land adopted its current name in the 1970s as it expanded beyond mortgage lending into direct property investment.