British Land Company PLC (BLND) Earns “Buy” Rating from HSBC
British Land Company PLC (LON:BLND)‘s stock had its “buy” rating reissued by equities research analysts at HSBC in a research note issued to investors on Thursday. They presently have a GBX 738 ($9.22) price objective on the stock. HSBC’s price objective points to a potential upside of 24.56% from the company’s current price.
Other analysts also recently issued research reports about the company. BNP Paribas reiterated an “underperform” rating on shares of British Land Company PLC in a research report on Monday, August 1st. JPMorgan Chase & Co. reduced their price objective on British Land Company PLC from GBX 900 ($11.24) to GBX 800 ($10.00) and set an “overweight” rating for the company in a research report on Tuesday, September 6th. Numis Securities Ltd downgraded British Land Company PLC to a “hold” rating and reduced their price objective for the stock from GBX 805 ($10.06) to GBX 671 ($8.38) in a research report on Tuesday, August 16th. Morgan Stanley raised their price objective on British Land Company PLC from GBX 610 ($7.62) to GBX 660 ($8.25) and gave the stock an “overweight” rating in a research report on Wednesday, August 31st. Finally, Jefferies Group raised their price objective on British Land Company PLC from GBX 647 ($8.08) to GBX 738 ($9.22) and gave the stock a “buy” rating in a research report on Friday, September 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. British Land Company PLC has a consensus rating of “Hold” and a consensus target price of GBX 774.26 ($9.67).
British Land Company PLC (LON:BLND) opened at 602.6714 on Thursday. British Land Company PLC has a 12 month low of GBX 499.96 and a 12 month high of GBX 853.00. The firm’s market cap is GBX 6.20 billion. The firm’s 50-day moving average price is GBX 599.19 and its 200-day moving average price is GBX 653.92.
The business also recently declared a dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 5th will be given a GBX 7.30 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, January 5th. This represents a dividend yield of 1.23%.
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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