Canaccord Genuity Increases British Land (BLND) Price Target to GBX 745

British Land (LON:BLND) had its target price increased by stock analysts at Canaccord Genuity from GBX 705 ($9.49) to GBX 745 ($10.03) in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 10.53% from the company’s current price.

Several other research firms also recently weighed in on BLND. Deutsche Bank upgraded British Land to a “buy” rating and lifted their price objective for the company from GBX 590 ($7.94) to GBX 660 ($8.88) in a report on Monday, September 11th. Goldman Sachs Group restated a “neutral” rating and set a GBX 611 ($8.22) price target on shares of British Land in a research note on Wednesday, September 27th. Numis Securities restated a “hold” rating and set a GBX 679 ($9.14) price target on shares of British Land in a research note on Thursday, October 19th. Peel Hunt restated a “hold” rating and set a GBX 675 ($9.08) price target on shares of British Land in a research note on Thursday, November 16th. Finally, Jefferies Group restated an “underperform” rating and set a GBX 500 ($6.73) price target on shares of British Land in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. British Land presently has an average rating of “Hold” and an average target price of GBX 671.71 ($9.04).

Shares of British Land (LON BLND) opened at GBX 674 ($9.07) on Friday. British Land has a 52-week low of GBX 574.60 ($7.73) and a 52-week high of GBX 682.50 ($9.19). The firm has a market capitalization of $6,760.00 and a price-to-earnings ratio of 1,182.46.

In other British Land news, insider Lucinda Bell sold 60,000 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of GBX 622 ($8.37), for a total value of £373,200 ($502,288.02). Also, insider William Jackson purchased 1,098 shares of British Land stock in a transaction on Friday, October 6th. The stock was bought at an average cost of GBX 598 ($8.05) per share, for a total transaction of £6,566.04 ($8,837.20). Insiders have purchased a total of 1,170 shares of company stock valued at $701,394 over the last 90 days.

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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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