British Land Company PLC (BLND) Rating Reiterated by Deutsche Bank AG
British Land Company PLC (LON:BLND)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank AG in a note issued to investors on Thursday. They currently have a GBX 590 ($7.37) price objective on the stock. Deutsche Bank AG’s target price would suggest a potential downside of 2.24% from the stock’s previous close.
Several other brokerages have also issued reports on BLND. BNP Paribas reaffirmed an “underperform” rating on shares of British Land Company PLC in a research report on Monday, August 1st. JPMorgan Chase & Co. decreased their target price 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 lowered British Land Company PLC to a “hold” rating and decreased their target price for the company from GBX 805 ($10.06) to GBX 671 ($8.38) in a research report on Tuesday, August 16th. Morgan Stanley increased their price target 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 note on Wednesday, August 31st. Finally, Jefferies Group increased their price target 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 note on Friday, September 30th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. British Land Company PLC currently has a consensus rating of “Hold” and an average price target of GBX 759.53 ($9.49).
British Land Company PLC (LON:BLND) opened at 603.5000 on Thursday. The firm’s 50-day moving average price is GBX 597.14 and its 200 day moving average price is GBX 652.81. The firm’s market cap is GBX 6.21 billion. British Land Company PLC has a 52 week low of GBX 499.96 and a 52 week high of GBX 853.00.
The firm also recently declared a dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 5th will be given a dividend of GBX 7.30 ($0.09) per share. The ex-dividend date is Thursday, January 5th. This represents a dividend yield of 1.23%.
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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