British Land (OTCMKTS:BTLCY) Upgraded to “Overweight” at JPMorgan Chase & Co.

British Land (OTCMKTS:BTLCY) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Tuesday, The Fly reports.

BTLCY has been the topic of several other research reports. BNP Paribas downgraded British Land from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 6th. Morgan Stanley reiterated an “underweight” rating on shares of British Land in a research note on Thursday, May 27th. Zacks Investment Research downgraded British Land from a “buy” rating to a “hold” rating in a research note on Monday, May 3rd. Barclays reiterated an “underweight” rating on shares of British Land in a research note on Thursday, June 3rd. Finally, Royal Bank of Canada upgraded British Land from an “underperform” rating to a “sector perform” rating in a research note on Monday, May 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.00.

Shares of OTCMKTS BTLCY opened at $6.86 on Tuesday. British Land has a twelve month low of $4.10 and a twelve month high of $7.67. The business has a 50 day simple moving average of $7.25.

About British Land

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 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.

Further Reading: Green Investing

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