British Land Company PLC (BLND) Stock Price Up 0.7%
Shares of British Land Company PLC (LON:BLND) rose 0.7% on Wednesday . The company traded as high as GBX 606.50 ($7.97) and last traded at GBX 605 ($7.95). Approximately 2,306,346 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 3,565,510 shares. The stock had previously closed at GBX 601 ($7.90).
BLND has been the subject of a number of recent analyst reports. Deutsche Bank AG raised British Land Company PLC to a “buy” rating and raised their price objective for the stock from GBX 590 ($7.76) to GBX 660 ($8.68) in a research report on Monday, September 11th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 611 ($8.03) price objective on shares of British Land Company PLC in a research report on Wednesday, September 27th. Liberum Capital raised their price objective on British Land Company PLC from GBX 650 ($8.55) to GBX 665 ($8.74) and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Credit Suisse Group reissued a “neutral” rating on shares of British Land Company PLC in a research report on Wednesday, June 28th. Finally, Numis Securities Ltd reissued a “hold” rating and issued a GBX 679 ($8.93) price objective on shares of British Land Company PLC in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 665.73 ($8.75).
The firm also recently announced a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 5th will be paid a dividend of GBX 7.52 ($0.10) per share. This is an increase from British Land Company PLC’s previous dividend of $7.30. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 1.21%.
In other British Land Company PLC news, insider William Jackson bought 1,098 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was acquired at an average price of GBX 598 ($7.86) per share, for a total transaction of £6,566.04 ($8,632.71). Insiders have bought 1,147 shares of company stock valued at $686,571 in the last quarter.
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About British Land Company PLC
The British Land Company PLC is a real estate company. The Company owns, manages, develops and finances a portfolio of commercial properties focused on retail locations around the United Kingdom and London offices. It creates and operates places for people to work, shop and live in. Its segments are Offices and residential, Retail and leisure, Canada Water and Other/unallocated.
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