British Land Company has still an uptrend and is going toward its highest level.

The company has a very low valuation with a P/E ratio of 4.54x for 2015. Moreover, analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.

Technically, the security is in an uptrend on all time scales. A slight correction was induced by the contact with the trendline. Prices seem to have found a support on the 20 day moving average, that is stopping the bearish fluctuations. It is likely to allow a technical rebound towards the recent highs.

Thanks to these good indicators, it seems relevant to take a long position in British Land Company. The target price will be set at the trendline around GBp 860. A stop loss will be set under the current position of the 20-day moving average.