Liberum Capital Reiterates Sell Rating for British Land Company PLC (BLND)
British Land Company PLC (LON:BLND)‘s stock had its “sell” rating reaffirmed by equities researchers at Liberum Capital in a report issued on Thursday.
Other equities research analysts have also recently issued reports about the stock. Citigroup Inc. reissued a “buy” rating on shares of British Land Company PLC in a research report on Friday, June 17th. Canaccord Genuity reissued a “buy” rating and issued a GBX 899 ($11.13) target price on shares of British Land Company PLC in a research report on Monday, July 18th. HSBC raised their target price on shares of British Land Company PLC from GBX 647 ($8.01) to GBX 738 ($9.13) and gave the stock a “buy” rating in a research report on Friday, September 30th. Jefferies Group raised their target price on shares of British Land Company PLC from GBX 647 ($8.01) to GBX 738 ($9.13) and gave the stock a “buy” rating in a research report on Friday, September 30th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 892 ($11.04) price target on shares of British Land Company PLC in a research report on Friday, July 8th. Three analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 786.79 ($9.74).
Shares of British Land Company PLC (LON:BLND) opened at 595.50 on Thursday. The firm has a 50 day moving average of GBX 633.36 and a 200-day moving average of GBX 673.33. British Land Company PLC has a 12 month low of GBX 499.96 and a 12 month high of GBX 879.00. The stock’s market capitalization is GBX 6.13 billion.
The business also recently disclosed a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be issued a GBX 7.30 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 1.16%. This is an increase from British Land Company PLC’s previous dividend of $7.09.
In related news, insider Roberts,Timothy Andrew sold 37,499 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of GBX 666 ($8.24), for a total value of £249,743.34 ($309,088.29).
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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