British Land Company PLC’s (BLND) “Hold” Rating Reaffirmed at Deutsche Bank AG
British Land Company PLC (LON:BLND)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank AG in a research note issued on Monday.
Several other equities research analysts have also recently weighed in on the company. Liberum Capital cut British Land Company PLC to a “sell” rating in a report on Monday, July 4th. BNP Paribas reiterated an “underperform” rating on shares of British Land Company PLC in a report on Wednesday, July 13th. Goldman Sachs Group Inc. dropped their price objective on British Land Company PLC from GBX 910 ($11.88) to GBX 736 ($9.61) and set a “neutral” rating for the company in a report on Wednesday, June 29th. JPMorgan Chase & Co. dropped their price objective on British Land Company PLC from GBX 950 ($12.40) to GBX 900 ($11.75) and set an “overweight” rating for the company in a report on Wednesday, June 22nd. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 741 ($9.67) price objective on shares of British Land Company PLC in a report on Monday, July 18th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 793.78 ($10.36).
Shares of British Land Company PLC (LON:BLND) traded down 0.31% on Monday, hitting GBX 637.94. The company had a trading volume of 2,721,800 shares. The firm’s 50 day moving average price is GBX 652.44 and its 200-day moving average price is GBX 681.17. British Land Company PLC has a 52 week low of GBX 499.96 and a 52 week high of GBX 879.00. The stock’s market capitalization is GBX 6.57 billion.
The company also recently declared a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, October 6th will be paid a GBX 7.30 ($0.10) dividend. This is an increase from British Land Company PLC’s previous dividend of $7.09. This represents a dividend yield of 1.16%. The ex-dividend date is Thursday, October 6th.
In related news, insider Maudsley,Charles bought 12,020 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were bought at an average cost of GBX 600 ($7.83) per share, for a total transaction of £72,120 ($94,139.15). Also, insider Roberts,Timothy Andrew sold 37,499 shares of British Land Company PLC stock in a transaction on Friday, August 5th. The shares were sold at an average price of GBX 666 ($8.69), for a total value of £249,743.34 ($325,993.13).
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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