British Land Company PLC (BLND) Given Hold Rating at Deutsche Bank AG
BLND has been the topic of several other reports. BNP Paribas reaffirmed an outperform rating and set a GBX 720 ($9.40) price target on shares of British Land Company PLC in a research report on Monday, July 4th. Societe Generale downgraded British Land Company PLC to a hold rating and set a GBX 650 ($8.48) price target on the stock. in a research report on Tuesday, July 5th. Goldman Sachs Group Inc. cut their price target on British Land Company PLC from GBX 910 ($11.88) to GBX 736 ($9.61) and set a neutral rating on the stock in a research report on Wednesday, June 29th. Numis Securities Ltd downgraded British Land Company PLC to a hold rating and cut their price target for the stock from GBX 805 ($10.51) to GBX 671 ($8.76) in a research report on Tuesday, August 16th. Finally, Barclays PLC cut their price target on British Land Company PLC from GBX 900 ($11.75) to GBX 720 ($9.40) and set an overweight rating on the stock in a research report on Thursday, July 7th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 786.79 ($10.27).
Shares of British Land Company PLC (LON:BLND) opened at 617.00 on Tuesday. The stock’s market capitalization is GBX 6.35 billion. The company has a 50 day moving average price of GBX 645.64 and a 200-day moving average price of GBX 678.28. British Land Company PLC has a 52-week low of GBX 499.96 and a 52-week high of GBX 879.00.
The firm also recently declared a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be paid a GBX 7.30 ($0.10) dividend. This is an increase from British Land Company PLC’s previous dividend of $7.09. The ex-dividend date is Thursday, October 6th. This represents a dividend 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 on 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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