British Land Company (BLND.L) 31-03-20
Shares in British Land Company (BLND.L) have fallen dramatically from recent highs of 638.8p. Will it continue, or is this an opportunity to pick up a bargain?
- This stock is one of the more significant fallers in the period. It hasn’t rebounded with the rest of the market.
- Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
- Is the trend your friend, or is a bounce imminent?
- The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
- Now trading at 345.4p (at time of writing). A return to previous highs would represent a rise of 84%.
- Shares -45% from 12-month highs; +6% from 12 month lows.
30 Mar: Deutsche Bank reiterates its hold rating on British Land Co (BLND) and reduced the target price to 550p (from 630p).
26 Mar: British Land announced it would not pay a dividend to bolster its balance sheet. March quarter rents would be suspended for retail customers due to the Covid-19 crisis.
11 Mar: Morgan Stanley reiterates its overweight rating on British Land Co (BLND) and reduced the target price to 540p (from 630p).
05 Mar: Barclays Capital reiterates its underweight rating on British Land Co (BLND) and reduced the target price to 460p (from 490p).
05 Feb: UBS reiterates its buy rating on British Land Co (BLND) and reduced the target price to 725p (from 740p).
05 Feb: Numis has downgraded its rating on British Land Co (BLND) to reduce (from hold).
17 Jan: Jefferies International reiterates its underperform rating on British Land Co (BLND) and increased the target price to 450p (from 399p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires