Is British Land Co PLC (LON:BLND) a Stock One Should Buy Following Today’s Numis Upgrade?

May 17, 2018 - By Julie Dion

British Land Company Plc (LON:BLND) Logo

British Land Co PLC (LON:BLND) Stock Upgrade

Numis has raised shares of British Land Co PLC (LON:BLND) to a respectable Add rating in a research note revealed today, and has set a 12 month target of GBX 759.00, which is 9.05 % from BLND’s share price currently.

British Land Company Plc (LON:BLND) Ratings Coverage

Among 11 analysts covering British Land Co PLC (LON:BLND), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. British Land Co PLC has GBX 759 highest and GBX 475 lowest target. GBX 692.40’s average target is -0.66% below currents GBX 697 stock price. British Land Co PLC had 21 analyst reports since December 1, 2017 according to SRatingsIntel. Peel Hunt maintained the stock with “Add” rating in Friday, February 9 report. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, December 6. The stock has “Underperform” rating by Jefferies on Thursday, January 18. Liberum Capital maintained the stock with “Hold” rating in Monday, January 8 report. Citigroup downgraded British Land Company Plc (LON:BLND) on Tuesday, May 15 to “Neutral” rating. The rating was maintained by Peel Hunt with “Add” on Thursday, April 5. The firm has “Add” rating given on Tuesday, January 30 by Peel Hunt. The rating was maintained by Deutsche Bank with “Buy” on Monday, January 22. Deutsche Bank maintained the stock with “Buy” rating in Friday, December 1 report. Barclays Capital maintained British Land Company Plc (LON:BLND) on Thursday, February 22 with “Overweight” rating.

The stock increased 2.26% or GBX 15.4 during the last trading session, reaching GBX 697. About 3.98M shares traded or 12.35% up from the average. British Land Company Plc (LON:BLND) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

The British Land Company PLC engages in managing, financing, and developing commercial property in the United Kingdom. The company has market cap of 6.85 billion GBP. The Company’s property portfolio comprises retail warehouses, super stores, town shopping centers, department stores, high street shops, retail parks, and supermarkets. It has a 11.91 P/E ratio. The firm qualifies as a real estate investment trust for federal income tax purposes.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.