British Land Company PLC (BLND) Price Target Increased to GBX 738 by Analysts at HSBC
British Land Company PLC (LON:BLND) had its price target raised by equities research analysts at HSBC from GBX 647 ($8.45) to GBX 738 ($9.63) in a report released on Friday. The firm currently has a “buy” rating on the stock. HSBC’s target price would indicate a potential upside of 17.24% from the company’s current price.
A number of other equities analysts have also commented on the stock. Deutsche Bank AG restated a “hold” rating on shares of British Land Company PLC in a research report on Monday, September 19th. JPMorgan Chase & Co. cut their price objective on shares of British Land Company PLC from GBX 900 ($11.75) to GBX 800 ($10.44) and set an “overweight” rating for the company in a research report on Tuesday, September 6th. BNP Paribas restated an “underperform” rating on shares of British Land Company PLC in a research report on Thursday, September 1st. Morgan Stanley raised their price objective on shares of British Land Company PLC from GBX 610 ($7.96) to GBX 660 ($8.62) and gave the company an “overweight” rating in a research report on Wednesday, August 31st. Finally, Numis Securities Ltd lowered shares of British Land Company PLC to a “hold” rating and cut their price objective for the company from GBX 805 ($10.51) to GBX 671 ($8.76) in a research report on Tuesday, August 16th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. British Land Company PLC has a consensus rating of “Hold” and an average price target of GBX 789.50 ($10.31).
Shares of British Land Company PLC (LON:BLND) opened at 621.3184 on Friday. The stock has a 50 day moving average of GBX 648.10 and a 200-day moving average of GBX 679.83. British Land Company PLC has a 1-year low of GBX 499.96 and a 1-year high of GBX 879.00. The company’s market capitalization is GBX 6.40 billion.
The business also recently disclosed a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 7.30 ($0.10) per share. This is an increase from British Land Company PLC’s previous dividend of $7.09. This represents a yield of 1.16%. The ex-dividend date of this dividend is Thursday, October 6th.
In other British Land Company PLC news, insider Roberts,Timothy Andrew sold 37,499 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of GBX 666 ($8.69), for a total transaction of £249,743.34 ($325,993.13).
About British Land Company PLC
British Land Company PLC (British Land) is a real estate company. The Company manages, develops and finances portfolio of properties. The Company focuses on retail locations around the United Kingdom and London offices. The Company allocates resources to investment and asset management according to the sectors it expects to perform over the medium-term.
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