Royal Bank of Canada started coverage on shares of British Land (LON:BLND) in a research note issued to investors on Tuesday. The brokerage issued a sector performer rating and a GBX 550 ($7.19) price target on the stock.

Other research analysts also recently issued research reports about the stock. Liberum Capital reaffirmed a hold rating on shares of British Land in a report on Friday, October 19th. Deutsche Bank dropped their target price on shares of British Land from GBX 770 ($10.06) to GBX 710 ($9.28) and set a buy rating for the company in a report on Monday, November 26th. JPMorgan Chase & Co. decreased their price target on shares of British Land from GBX 715 ($9.34) to GBX 660 ($8.62) and set a neutral rating on the stock in a research note on Monday, January 21st. Credit Suisse Group decreased their price target on shares of British Land from GBX 695 ($9.08) to GBX 620 ($8.10) and set an underperform rating on the stock in a research note on Monday, October 22nd. Finally, Goldman Sachs Group decreased their price target on shares of British Land from GBX 649 ($8.48) to GBX 620 ($8.10) and set a neutral rating on the stock in a research note on Tuesday, December 18th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. British Land presently has a consensus rating of Hold and a consensus target price of GBX 644.23 ($8.42).

Shares of British Land stock opened at GBX 586.40 ($7.66) on Tuesday. British Land has a fifty-two week low of GBX 587 ($7.67) and a fifty-two week high of GBX 695 ($9.08).

British Land (LON:BLND) last issued its earnings results on Wednesday, November 14th. The company reported GBX 17.20 ($0.22) earnings per share for the quarter, missing the consensus estimate of GBX 17.80 ($0.23) by GBX (0.60) (($0.01)).

The business also recently declared a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 28th will be paid a GBX 7.75 ($0.10) dividend. This represents a yield of 1.38%. The ex-dividend date of this dividend is Thursday, March 28th.

In related news, insider William Jackson purchased 2,605 shares of the firm’s stock in a transaction on Friday, January 4th. The shares were acquired at an average price of GBX 532 ($6.95) per share, for a total transaction of £13,858.60 ($18,108.72). In the last quarter, insiders acquired 2,685 shares of company stock worth $1,430,741.

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.

Further Reading: Quiet Period Expirations

Analyst Recommendations for British Land (LON:BLND)

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