British Land Company PLC (BLND) Price Target Raised to GBX 738 at Jefferies Group
British Land Company PLC (LON:BLND) had its price objective raised by Jefferies Group from GBX 647 ($8.45) to GBX 738 ($9.63) in a report issued on Friday morning. Jefferies Group currently has a buy rating on the stock.
A number of other brokerages have also issued reports on BLND. BNP Paribas restated an outperform rating and issued a GBX 720 ($9.40) price target on shares of British Land Company PLC in a research note on Monday, June 27th. JPMorgan Chase & Co. dropped their price target on shares of British Land Company PLC from GBX 950 ($12.40) to GBX 900 ($11.75) and set an overweight rating for the company in a research note on Wednesday, June 22nd. Citigroup Inc. restated a buy rating on shares of British Land Company PLC in a research note on Friday, June 17th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 899 ($11.73) price objective on shares of British Land Company PLC in a report on Monday, July 18th. Finally, Credit Suisse Group AG lifted their price objective on shares of British Land Company PLC from GBX 685 ($8.94) to GBX 715 ($9.33) and gave the stock an underperform rating in a report on Friday, June 17th. Three analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 786.79 ($10.27).
British Land Company PLC (LON:BLND) opened at 625.50 on Friday. The stock’s market cap is GBX 6.44 billion. British Land Company PLC has a one year low of GBX 499.96 and a one year high of GBX 879.00. The stock has a 50 day moving average of GBX 647.57 and a 200-day moving average of GBX 679.36.
The firm also recently declared a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be given a GBX 7.30 ($0.10) dividend. The ex-dividend date is Thursday, October 6th. This is a boost from British Land Company PLC’s previous dividend of $7.09. This represents a yield of 1.16%.
In other British Land Company PLC news, insider Roberts,Timothy Andrew sold 37,499 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of GBX 666 ($8.69), for a total value of £249,743.34 ($325,993.13).
British Land Company PLC Company Profile
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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