Liberum Capital Reaffirms “Hold” Rating for British Land (BLND)

Liberum Capital restated their hold rating on shares of British Land (LON:BLND) in a report issued on Friday, October 19th.

BLND has been the topic of a number of other reports. Citigroup reiterated a neutral rating on shares of British Land in a research note on Friday, September 14th. JPMorgan Chase & Co. cut their price target on shares of British Land from GBX 740 ($9.67) to GBX 715 ($9.34) and set a neutral rating on the stock in a research note on Thursday, September 6th. UBS Group reissued a buy rating and set a GBX 840 ($10.98) price objective (up from GBX 820 ($10.71)) on shares of British Land in a research report on Friday, July 20th. Finally, Deutsche Bank reissued a buy rating on shares of British Land in a research report on Friday, June 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 690.50 ($9.02).

Shares of LON BLND traded up GBX 3.60 ($0.05) during trading on Friday, hitting GBX 624.80 ($8.16). 6,932,680 shares of the company were exchanged, compared to its average volume of 3,540,000. British Land has a 12-month low of GBX 587 ($7.67) and a 12-month high of GBX 695 ($9.08).

In other news, insider Timothy Andrew Roberts sold 2,348 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of GBX 624 ($8.15), for a total transaction of £14,651.52 ($19,144.81). Also, insider Lynn Gladden purchased 1,416 shares of the business’s stock in a transaction dated Monday, October 8th. The shares were bought at an average price of GBX 597 ($7.80) per share, with a total value of £8,453.52 ($11,046.02). In the last quarter, insiders acquired 1,491 shares of company stock valued at $890,547.

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 £18.1 billion (British Land share: £13.5 billion) as at 30 September 2017 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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Analyst Recommendations for British Land (LON:BLND)

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