British Land (OTCMKTS:BTLCY) Stock Price Up 25,635.4% – Here’s What Happened

British Land Company PLC Sponsored ADR (OTCMKTS:BTLCY) shares were up 25,635.4% on Thursday . The company traded as high as $1,463.0601 and last traded at $1,463.0601. Approximately 232 shares were traded during trading, a decline of 98% from the average daily volume of 10,705 shares. The stock had previously closed at $5.6850.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BTLCY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of British Land in a report on Friday, December 5th. UBS Group raised shares of British Land from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Panmure Gordon raised British Land to a “buy” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, British Land currently has a consensus rating of “Buy”.

British Land Stock Up 0.3%

The stock has a fifty day moving average of $5.33 and a 200-day moving average of $4.96.

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.