J P Morgan Chase & Co Reiterates “Neutral” Rating for British Land (BLND)

British Land (LON:BLND)‘s stock had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co in a note issued to investors on Friday, November 17th. They presently have a GBX 710 ($9.56) price objective on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 11.29% from the stock’s previous close.

BLND has been the topic of several other research reports. Liberum Capital upped their price target on British Land from GBX 650 ($8.75) to GBX 665 ($8.95) and gave the company a “hold” rating in a research note on Tuesday, August 1st. Goldman Sachs Group reiterated a “neutral” rating and issued a GBX 611 ($8.22) price objective on shares of British Land in a report on Wednesday, September 27th. Numis Securities reiterated a “hold” rating and issued a GBX 679 ($9.14) price objective on shares of British Land in a report on Thursday, October 19th. Deutsche Bank upgraded British Land to a “buy” rating and upped their price objective for the company from GBX 590 ($7.94) to GBX 660 ($8.88) in a report on Monday, September 11th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 675 ($9.08) price objective on shares of British Land in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 663.38 ($8.93).

British Land (LON:BLND) traded up GBX 2.50 ($0.03) during trading on Friday, reaching GBX 638 ($8.59). The company’s stock had a trading volume of 4,399,297 shares, compared to its average volume of 4,790,000. British Land has a one year low of GBX 574.60 ($7.73) and a one year high of GBX 675.50 ($9.09).

In other British Land news, insider Lucinda Bell sold 60,000 shares of the firm’s stock in a transaction on 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 acquired 1,098 shares of the stock in a transaction on Friday, October 6th. The shares were bought at an average price of GBX 598 ($8.05) per share, for a total transaction of £6,566.04 ($8,837.20). In the last quarter, insiders have bought 1,172 shares of company stock worth $701,246.

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About British Land

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.

Analyst Recommendations for British Land (LON:BLND)

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