Market Update: BlackRock Inc (NYSE:BLK) – BlackRock bond fund adds to gilt holdings eyeing Bank of England QE

[Reuters] – One of BlackRock’s bond funds has added to investments in British government debt after the country’s vote to leave the EU last month as it expects the Bank of England to start buying the debt in an effort to stimulate the economy. “Since the initial surprise in financial markets to the outcome of the EU referendum, we have added to our gilt exposure both in relative and absolute terms,” said Marilyn Watson, head of global unconstrained fixed income product strategy at BlackRock. “We believe that some additional form of QE from the BoE would include purchases of gilts,” she said in a note. Read more on this. , valued at $recting to http://finance.ya, finished at $. Looking at today’s market, BLK one day range is $ with its 52-week range being $. Priced at x this year’s forecasted earnings, BLK shares are relatively inexpensive compared to the industry’s x forward p/e ratio. According to a consensus of 0 analysts, the earnings estimate of $ per share would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $ is a $0.00 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $0.00 . If realized, that would be a 0.00% decrease over the year-ago quarter. Recently, d BLK from to (/fi). Previously, d BLK from to . When considering if perhaps the stock is under or overvalued, the average price target is $, which is 0.00% below where the stock opened this morning. See more in (NYSE:BLK) Similar Articles: Stock Update: BlackRock Inc (NYSE:BLK) – BlackRock sees stock prices unjustified but more demand for U.S. bonds Market Update: BlackRock Inc (NYSE:BLK) – Top BlackRock fund manager buys more European junk bonds Market Update: BlackRock Inc (NYSE:BLK) – BlackRock switches benchmarks on U.S. bond ETFs