British Land Company plc invests, both directly and through joint ventures, in income-producing and freehold commercial properties in order to maximize their growth and potential. The Company trades, finances, and develops property. Their portfolio consists of offices, retail superstores, shopping centers, leisure, industrial, and distribution spaces.

Financial elements show some weak points. Full year 2013 and 2014 earnings per share are revised regularly downward by Thomson Reuters’ analysts, respectively to £0.3 and £0.5
The share at current price is trading 17 times earnings per share, this valuation is higher than its sector and its country.

Technically the share is in a bullish trend in the short-term, which had thrown the security towards mid-term resistance of GBp 513, establishing a double top on this level, which was tested in March.
In the mid-term, the share is trading in a neutral range between GBp 513 / 467, for this reason we forecast a return towards lower band of this range.

We fix as first bearish target GBp 480 and then GBp 465. A stop loss will be placed at GBp 515.