Zacks Investment Research cut shares of British Land (OTCMKTS:BTLCY) from a hold rating to a sell rating in a research note published on Tuesday.

According to Zacks, “The British Land Co. Plc is a real estate investment trust which owns, manages, finances and develops commercial properties. Its property portfolio comprises retail parks, super stores, shopping centers, department stores, residential and offices. The British Land Co. Plc is headquartered in London, the United Kingdom. “

Separately, Citigroup lowered shares of British Land from a buy rating to a neutral rating in a report on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $11.00.

Shares of BTLCY opened at $9.22 on Tuesday. British Land has a 12-month low of $7.75 and a 12-month high of $9.90.

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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