British Land (LON:BLND) had its target price trimmed by Jefferies Financial Group from GBX 424 ($5.54) to GBX 399 ($5.21) in a report issued on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has an underperform rating on the stock.

Several other equities analysts have also commented on BLND. Deutsche Bank reaffirmed a hold rating on shares of British Land in a research report on Thursday. Morgan Stanley dropped their price target on shares of British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an equal weight rating for the company in a research report on Monday, September 2nd. Goldman Sachs Group upped their price target on shares of British Land from GBX 526 ($6.87) to GBX 529 ($6.91) and gave the stock a neutral rating in a research report on Tuesday, November 5th. Liberum Capital reaffirmed a hold rating and set a GBX 585 ($7.64) price target on shares of British Land in a research report on Wednesday. Finally, Peel Hunt reissued a hold rating on shares of British Land in a research report on Wednesday. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 570.36 ($7.45).

BLND stock traded up GBX 2.20 ($0.03) on Thursday, hitting GBX 556 ($7.27). 9,078,083 shares of the company were exchanged, compared to its average volume of 3,540,000. British Land has a twelve month low of GBX 465.30 ($6.08) and a twelve month high of GBX 649.40 ($8.49). The company has a debt-to-equity ratio of 44.86, a current ratio of 0.31 and a quick ratio of 0.26. The business’s fifty day moving average is GBX 592.21 and its two-hundred day moving average is GBX 551.93. The stock has a market capitalization of $5.14 billion and a price-to-earnings ratio of -8.18.

The firm also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 2nd will be given a GBX 7.98 ($0.10) dividend. This represents a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, January 2nd. British Land’s payout ratio is currently -0.47%.

In other British Land news, insider William Jackson acquired 1,995 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was bought at an average price of GBX 562 ($7.34) per share, with a total value of £11,211.90 ($14,650.33). Insiders bought 2,046 shares of company stock valued at $1,150,557 in the last three months.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.

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Analyst Recommendations for British Land (LON:BLND)

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