British Land Company PLC (BLND) Trading 1.7% Higher
British Land Company PLC (LON:BLND) shares traded up 1.7% on Tuesday . The stock traded as high as GBX 601.50 ($7.94) and last traded at GBX 601 ($7.93). 10,755,064 shares traded hands during trading, an increase of 194% from the average session volume of 3,657,430 shares. The stock had previously closed at GBX 591 ($7.80).
Several research analysts recently weighed in on the company. Numis Securities Ltd reiterated a “hold” rating and set a GBX 679 ($8.96) price target on shares of British Land Company PLC in a research report on Thursday, October 19th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 611 ($8.06) price target on shares of British Land Company PLC in a research report on Wednesday, September 27th. Deutsche Bank AG upgraded British Land Company PLC to a “buy” rating and lifted their price target for the company from GBX 590 ($7.79) to GBX 660 ($8.71) in a research report on Monday, September 11th. HSBC Holdings plc cut British Land Company PLC to a “hold” rating and reduced their price target for the company from GBX 738 ($9.74) to GBX 678 ($8.95) in a research report on Monday, August 21st. Finally, Liberum Capital reiterated a “hold” rating and set a GBX 665 ($8.78) price target on shares of British Land Company PLC in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 665.73 ($8.78).
The firm’s market cap is GBX 6.19 billion. The company’s 50 day moving average price is GBX 602.41 and its 200-day moving average price is GBX 620.29.
In other British Land Company PLC news, insider William Jackson acquired 1,098 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were acquired at an average price of GBX 598 ($7.89) per share, for a total transaction of £6,566.04 ($8,664.61). Insiders have bought 1,172 shares of company stock worth $701,771 in the last 90 days.
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About British Land Company PLC
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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