British Land (OTCMKTS:BTLCY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of British Land (OTCMKTS:BTLCY) from a sell rating to a hold rating in a research report report published on Wednesday morning, Zacks.com reports.

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, Barclays dropped their target price on shares of BT Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set an equal weight rating on the stock in a research report on Friday, May 10th.

Shares of British Land stock traded down $0.01 during mid-day trading on Wednesday, hitting $6.74. 35,069 shares of the stock were exchanged, compared to its average volume of 42,693. British Land has a 12 month low of $6.53 and a 12 month high of $8.92. The firm’s 50-day moving average is $6.80.

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 £16.8bn (British Land share: £12.9bn) as at 30 September 2018 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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