British Land Company Plc (OTCMKTS:BTLCY – Get Rating) has received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $640.00.
BTLCY has been the topic of several recent research reports. Peel Hunt upgraded shares of British Land to a “buy” rating in a research report on Thursday, January 20th. Jefferies Financial Group upgraded shares of British Land from an “underperform” rating to a “hold” rating in a research report on Friday, March 25th. Morgan Stanley upgraded shares of British Land from an “equal weight” rating to an “overweight” rating in a report on Monday, March 28th. UBS Group upped their price target on shares of British Land from GBX 580 ($7.61) to GBX 640 ($8.39) in a report on Friday, January 28th. Finally, Zacks Investment Research downgraded shares of British Land from a “buy” rating to a “hold” rating in a report on Wednesday, January 19th.
BTLCY stock traded down $0.05 during mid-day trading on Friday, hitting $6.86. The company had a trading volume of 36,800 shares, compared to its average volume of 69,811. British Land has a 12-month low of $6.00 and a 12-month high of $7.74. The company has a 50-day moving average price of $7.02 and a 200 day moving average price of $7.04.
Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at Â£13.7bn (British Land share: Â£10.3bn) as at 30 September 2020 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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