British Land (BLND) Trading Down 0%
British Land Company Plc (LON:BLND)’s share price fell 0% during mid-day trading on Monday . The stock traded as low as GBX 642.20 ($8.64) and last traded at GBX 649 ($8.73). 4,736,649 shares were traded during trading, a decline of 3% from the average session volume of 4,880,000 shares. The stock had previously closed at GBX 649 ($8.73).
A number of brokerages have weighed in on BLND. Numis Securities reaffirmed a “hold” rating and issued a GBX 652 ($8.78) target price on shares of British Land in a research note on Friday, December 1st. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 710 ($9.56) target price on shares of British Land in a research note on Friday, November 17th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a GBX 611 ($8.22) target price on shares of British Land in a research note on Wednesday, September 27th. Deutsche Bank raised shares of British Land to a “buy” rating and boosted their target price for the stock from GBX 590 ($7.94) to GBX 660 ($8.88) in a research note on Monday, September 11th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 675 ($9.08) target price on shares of British Land in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 666.71 ($8.97).
The business also recently declared a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 4th will be issued a GBX 7.52 ($0.10) dividend. This represents a dividend yield of 1.22%. The ex-dividend date is Thursday, January 4th.
About British Land
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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