British Land Stock Rating Reaffirmed by Deutsche Bank (BLND)
British Land (LON:BLND)‘s stock had its “sell” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday, AR Network reports. They currently have a GBX 520 ($8.57) target price on the stock. Deutsche Bank’s price objective indicates a potential downside of 22.04% from the company’s current price.
British Land (LON:BLND) traded down 1.11% on Wednesday, hitting GBX 667.00. The stock had a trading volume of 2,768,481 shares. British Land has a one year low of GBX 536.00 and a one year high of GBX 675.50. The stock has a 50-day moving average of GBX 631.1 and a 200-day moving average of GBX 603.2. The company’s market cap is £6.663 billion.
The company also recently announced a dividend, which is scheduled for Friday, May 2nd. Investors of record on Wednesday, March 19th will be paid a dividend of GBX 6.75 ($0.11) per share. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, March 19th.
BLND has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. upgraded shares of British Land to a “buy” rating in a research note to investors on Monday. They now have a GBX 763 ($12.57) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of British Land in a research note to investors on Friday, January 24th. They now have a GBX 707 ($11.65) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of British Land in a research note to investors on Wednesday, January 22nd. They now have a GBX 732 ($12.06) price target on the stock, up previously from GBX 724 ($11.93). Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 660.33 ($10.88).
The British Land Company PLC is a real estate investment trust. It provides investors with access to a diverse range of property assets, which it manages, finances and develops.
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