British Land (BLND) Given New GBX 710 Price Target at Credit Suisse Group
British Land (LON:BLND) had its price objective boosted by analysts at Credit Suisse Group from GBX 630 ($8.48) to GBX 710 ($9.56) in a report issued on Wednesday. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s price target would indicate a potential upside of 10.57% from the company’s previous close.
A number of other research analysts have also weighed in on BLND. Liberum Capital reissued a “hold” rating and set a GBX 665 ($8.95) price target on shares of British Land in a research note on Friday, August 18th. downgraded British Land to a “hold” rating and dropped their price objective for the stock from GBX 738 ($9.93) to GBX 678 ($9.13) in a report on Monday, August 21st. Deutsche Bank upgraded British Land to a “buy” rating and upped their price objective for the stock from GBX 590 ($7.94) to GBX 660 ($8.88) in a report on Monday, September 11th. Goldman Sachs Group restated a “neutral” rating and set a GBX 611 ($8.22) price objective on shares of British Land in a report on Wednesday, September 27th. Finally, Numis Securities restated a “hold” rating and set a GBX 679 ($9.14) price objective on shares of British Land in a report on Thursday, October 19th. One 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 company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 666.71 ($8.97).
British Land (LON:BLND) opened at GBX 642.16 ($8.64) on Wednesday. British Land has a 52 week low of GBX 574.60 ($7.73) and a 52 week high of GBX 675.50 ($9.09).
In other news, insider Lucinda Bell sold 60,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of GBX 622 ($8.37), for a total transaction of £373,200 ($502,288.02). Also, insider William Jackson bought 1,098 shares of the stock in a transaction dated Friday, October 6th. The shares were acquired at an average price of GBX 598 ($8.05) per share, with a total value of £6,566.04 ($8,837.20). Insiders have bought 1,172 shares of company stock valued at $701,246 over the last 90 days.
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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.
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