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BNP Paribas cut their price target on shares of British Land (LON: BLND) from GBX 600 ($9.06) to GBX 590 ($8.91) in a research note issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. BNP Paribas’ price objective indicates a potential downside of 3.99% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of British Land in a research note to investors on Monday, July 8th. They now have a GBX 710 ($10.72) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of British Land in a research note to investors on Friday, July 5th. They now have a GBX 540 ($8.16) price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of British Land in a research note to investors on Wednesday, July 3rd. They now have a GBX 630 ($9.52) price target on the stock.
Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 620.47 ($9.37).
Shares of British Land (LON: BLND) opened at 617.50 on Friday. British Land has a one year low of GBX 498.299 and a one year high of GBX 659.50. The stock’s 50-day moving average is currently GBX 529.8. The company’s market cap is £6.089 billion.
The British Land Company PLC is a real estate investment trust. It provides investors with access to a diverse range of property assets, which it manages, finances and develops.Image may be NSFW.
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