British Land Company PLC (BLND) Rating Reiterated by Numis Securities Ltd
British Land Company PLC (LON:BLND)‘s stock had its “hold” rating reissued by stock analysts at Numis Securities Ltd in a research note issued on Tuesday. They currently have a GBX 660 ($8.25) target price on the stock. Numis Securities Ltd’s target price indicates a potential upside of 11.30% from the stock’s current price.
BLND has been the subject of several other research reports. HSBC restated a “buy” rating and set a GBX 738 ($9.22) target price on shares of British Land Company PLC in a research report on Thursday, November 17th. Goldman Sachs Group Inc. dropped their price target on British Land Company PLC from GBX 736 ($9.20) to GBX 715 ($8.93) and set a “neutral” rating for the company in a report on Wednesday, November 2nd. BNP Paribas raised their price target on British Land Company PLC from GBX 600 ($7.50) to GBX 660 ($8.25) and gave the company an “underperform” rating in a report on Thursday, November 17th. Liberum Capital reaffirmed a “sell” rating on shares of British Land Company PLC in a report on Tuesday, November 1st. Finally, JPMorgan Chase & Co. dropped their price target 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 report on Tuesday, September 6th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 758.95 ($9.48).
Shares of British Land Company PLC (LON:BLND) opened at 591.82 on Tuesday. The stock’s 50 day moving average price is GBX 595.19 and its 200 day moving average price is GBX 649.71. The stock’s market capitalization is GBX 6.09 billion. British Land Company PLC has a one year low of GBX 499.96 and a one year high of GBX 853.00.
The company also recently declared a dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 5th will be issued a GBX 7.30 ($0.09) dividend. 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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