Barclays Lowers British Land (BLND) to Equal Weight
Barclays lowered shares of British Land (LON:BLND) to an equal weight rating in a report issued on Wednesday. The firm currently has GBX 580 ($7.58) price objective on the stock, down from their previous price objective of GBX 730 ($9.54).
A number of other analysts have also weighed in on BLND. Liberum Capital reiterated a hold rating on shares of British Land in a research note on Friday, October 19th. Credit Suisse Group cut their price objective on shares of British Land from GBX 695 ($9.08) to GBX 620 ($8.10) and set an underperform rating on the stock in a research note on Monday, October 22nd. UBS Group reiterated a buy rating and issued a GBX 840 ($10.98) price objective (up previously from GBX 820 ($10.71)) on shares of British Land in a research note on Friday, July 20th. Citigroup reiterated a neutral rating on shares of British Land in a research note on Friday, September 14th. Finally, JPMorgan Chase & Co. cut their price objective 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. British Land has a consensus rating of Hold and a consensus price target of GBX 690.50 ($9.02).
Shares of British Land stock opened at GBX 624.80 ($8.16) on Wednesday. British Land has a 12-month low of GBX 587 ($7.67) and a 12-month high of GBX 695 ($9.08).
About British Land
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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