British Land Company PLC (BLND) Given Average Rating of “Hold” by Brokerages
British Land Company PLC (LON:BLND) has been assigned an average rating of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 664.85 ($8.60).
A number of analysts have weighed in on the stock. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 611 ($7.90) price objective on shares of British Land Company PLC in a report on Wednesday, July 19th. Liberum Capital raised their price objective on shares of British Land Company PLC from GBX 650 ($8.41) to GBX 665 ($8.60) and gave the stock a “hold” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co cut shares of British Land Company PLC to a “neutral” rating and cut their price objective for the stock from GBX 750 ($9.70) to GBX 700 ($9.05) in a report on Friday, May 19th. Numis Securities Ltd reissued a “hold” rating and set a GBX 679 ($8.78) price objective on shares of British Land Company PLC in a report on Tuesday, July 18th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 675 ($8.73) price objective on shares of British Land Company PLC in a report on Wednesday, May 17th.
Shares of British Land Company PLC (BLND) opened at 604.50 on Tuesday. The company has a 50-day moving average of GBX 612.08 and a 200 day moving average of GBX 624.14. The stock’s market cap is GBX 6.22 billion. British Land Company PLC has a one year low of GBX 566.41 and a one year high of GBX 682.50.
The firm also recently announced a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 5th will be given a dividend of GBX 7.52 ($0.10) per share. The ex-dividend date of this dividend is Thursday, October 5th. This is a positive change from British Land Company PLC’s previous dividend of $7.30. This represents a dividend yield of 1.21%.
In related news, insider Charles Maudsley sold 11,205 shares of British Land Company PLC stock in a transaction on Friday, June 30th. The shares were sold at an average price of GBX 601 ($7.77), for a total value of £67,342.05 ($87,095.25). Also, insider William Jackson acquired 1,144 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was purchased at an average price of GBX 604 ($7.81) per share, for a total transaction of £6,909.76 ($8,936.58). Over the last 90 days, insiders have bought 1,217 shares of company stock worth $736,188.
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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