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Pin to quick picksBritish Land Share News (BLND)

Share Price Information for British Land (BLND)

London Stock Exchange
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Share Price: 417.60
Bid: 417.20
Ask: 417.60
Change: 14.00 (3.47%)
Spread: 0.40 (0.096%)
Open: 408.40
High: 419.40
Low: 408.20
Prev. Close: 403.60
BLND Live PriceLast checked at -

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UK BROKER RATINGS SUMMARY: RBC Cuts JD Sports And Raises Kingfisher

Mon, 08th Jun 2020 09:31

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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FTSE 100

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RBC CUTS JD SPORTS TO 'UNDERPERFORM' ('SECTOR PERFORM') - TARGET 625 (570) PENCE

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CREDIT SUISSE RAISES RELX PRICE TARGET TO 2030 (2010) PENCE - 'OUTPERFORM'

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JEFFERIES CUTS RSA INSURANCE PRICE TARGET TO 600 (617) PENCE - 'BUY'

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JEFFERIES RAISES INTERMEDIATE CAPITAL PRICE TARGET TO 1700 (1565) PENCE - 'BUY'

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JEFFERIES RAISES VODAFONE PRICE TARGET TO 159 (148) PENCE - 'BUY'

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BERNSTEIN RAISES DIAGEO PRICE TARGET TO 3660 (3060) PENCE - 'OUTPERFORM'

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RBC RAISES NEXT PRICE TARGET TO 5500 (5000) PENCE - 'SECTOR PERFORM'

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BARCLAYS RAISES UNILEVER PRICE TARGET TO 4310 (4200) PENCE - 'EQUAL WEIGHT'

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GOLDMAN SACHS CUTS LAND SECURITIES PRICE TARGET TO 728 (750) PENCE - 'BUY'

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GOLDMAN CUTS BRITISH LAND PRICE TARGET TO 426 (452) PENCE - 'BUY'

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CREDIT SUISSE CUTS BAE SYSTEMS PRICE TARGET TO 690 (710) PENCE - 'OUTPERFORM'

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JPMORGAN RAISES RIO TINTO PRICE TARGET TO 5140 (4560) PENCE - 'NEUTRAL'

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JPMORGAN RAISES GLENCORE PRICE TARGET TO 180 (170) PENCE - 'UNDERWEIGHT'

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JPMORGAN RAISES BHP GROUP PRICE TARGET TO 1830 (1780) PENCE - 'OVERWEIGHT'

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JPMORGAN RAISES ANGLO AMERICAN PRICE TARGET TO 2650 (2500) PENCE - 'OVERWEIGHT'

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FTSE 250

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RBC RAISES KINGFISHER TO 'OUTPERFORM' ('UNDERPERFORM') - TARGET 230 (165) PENCE

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JPMORGAN RAISES G4S PRICE TARGET TO 125 (110) PENCE - 'OVERWEIGHT'

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JEFFERIES CUTS GREENCORE PRICE TARGET TO 145 (165) PENCE - 'HOLD'

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MORGAN STANLEY RAISES HAYS TO 'OVERWEIGHT' ('EQUAL-WEIGHT') - TARGET 145 (98) PENCE

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RBC RAISES WH SMITH PRICE TARGET TO 1400 (1250) PENCE - 'OUTPERFORM'

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RBC RAISES DUNELM GROUP PRICE TARGET TO 1100 (950) PENCE - 'SECTOR PERFORM'

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BERENBERG RAISES TRAVIS PERKINS PRICE TARGET TO 1390 (1100) PENCE - 'BUY'

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BERENBERG CUTS POLYPIPE TO 'HOLD' ('BUY') - TARGET 480 (520) PENCE

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BERENBERG RAISES IBSTOCK PRICE TARGET TO 225 (200) PENCE - 'BUY'

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BERENBERG RAISES GRAFTON GROUP PRICE TARGET TO 790 (670) PENCE - 'BUY'

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BERENBERG RAISES FORTERRA PRICE TARGET TO 220 (210) PENCE - 'HOLD'

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BERENBERG RAISES BALFOUR BEATTY PRICE TARGET TO 320 (290) PENCE - 'BUY'

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GOLDMAN CUTS GREAT PORTLAND PRICE TARGET TO 672 (741) PENCE - 'NEUTRAL'

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GOLDMAN CUTS DERWENT LONDON PRICE TARGET TO 3673 (4174) PENCE - 'BUY'

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GOLDMAN CUTS HAMMERSON PRICE TARGET TO 80 (105) PENCE - 'NEUTRAL'

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OTHER MAIN MARKET AND AIM

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BERENBERG RAISES PREMIER OIL PRICE TARGET TO 40 (30) PENCE - 'HOLD'

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BERENBERG RAISES GOCO GROUP PRICE TARGET TO 135 (110) PENCE - 'BUY'

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BERENBERG RAISES VOLUTION GROUP PRICE TARGET TO 215 (190) PENCE - 'BUY'

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BERENBERG RAISES BREEDON PRICE TARGET TO 103 (95) PENCE - 'BUY'

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JEFFERIES CUTS HUNTING PRICE TARGET TO 260 (470) PENCE - 'BUY'

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IN BRIEF: British Land upgrades retail park guidance on large leasings

British Land Co PLC - London-based commercial property developer and investor - Increases retail park estimated rental value growth guidance for financial 2024 to between 3% and 5% from 2% to 4%, since "we continue to lease significantly above ERV". Has leased 511,000 square feet at 15.3% above ERV in the five months to August 30, with 677,000 square foot at 19.4% above ERV under offer. Says strong demand, limited supply, company's scale and focus on operational execution are keeping occupancy at 99% and "giving us strong pricing power." Notes five deals with Frasers Group PLC including two with Sports Direct causing premises at two England retail parks to "double in size" to 21,000 and 24,000 sq ft. Also notes a 23,000 sq ft letting to Primark in Scotland and a 43,000 sq ft letting with B&M in England. Says retail parks are "an attractive and liquid investment in the direct market."

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British Land upgrades guidance on retail park assets

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