British Land (OTCMKTS:BTLCY)‘s stock had its “buy” rating restated by stock analysts at UBS Group in a note issued to investors on Thursday, The Fly reports.
A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada upgraded shares of British Land from an “underperform” rating to a “sector perform” rating in a research note on Monday, May 10th. Zacks Investment Research downgraded shares of British Land from a “hold” rating to a “sell” rating in a research note on Tuesday, June 22nd. BNP Paribas downgraded shares of British Land from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 6th. Exane BNP Paribas downgraded shares of British Land from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 6th. Finally, JPMorgan Chase & Co. upgraded shares of British Land from a “neutral” rating to an “overweight” rating in a research note on Tuesday, June 22nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. British Land has an average rating of “Hold” and a consensus price target of $8.00.
British Land stock traded up $0.32 during trading hours on Thursday, reaching $7.01. 31,947 shares of the stock were exchanged, compared to its average volume of 44,578. British Land has a twelve month low of $4.10 and a twelve month high of $7.67. The stock has a 50 day moving average price of $7.15.
The British Land Co Plc is a real estate investment trust, which engages in the ownership, management, financing and development of commercial properties. It operates through the following business segments: Offices, Retail, Canada Water, and Other or unallocated. The Canada water segment comprises of office, retail, residential, leisure, and public spaces to create new urban center for London.
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