British Land (OTCMKTS:BTLCY) Sees Strong Trading Volume – What’s Next?
by Doug Wharley · The Cerbat GemShares of British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 30,854 shares traded hands during trading, an increase of 417% from the previous session’s volume of 5,967 shares.The stock last traded at $5.50 and had previously closed at $5.4770.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on BTLCY shares. Panmure Gordon upgraded British Land to a “buy” rating in a research note on Tuesday, December 2nd. UBS Group upgraded British Land from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Morgan Stanley restated an “overweight” rating on shares of British Land in a report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, British Land currently has an average rating of “Buy”.
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British Land Stock Performance
The business has a 50 day moving average of $5.19 and a two-hundred day moving average of $4.91.
British Land Company Profile
British Land Company plc is a leading real estate investment trust primarily focused on the ownership, development and management of UK commercial property. The company’s portfolio is centred on high-quality office and retail destinations in key urban locations, combining long-term holdings with active redevelopment projects. Its core business activities include leasing space to corporate and retail tenants, asset management, and undertaking new developments aimed at enhancing urban environments and driving sustainable value.
Founded in 1856 as the Land Mortgage and Agency Company, British Land adopted its current name in the 1970s as it expanded beyond mortgage lending into direct property investment.