British Land’s “Outperform” Rating Reaffirmed at BNP Paribas (BLND)
British Land (LON:BLND)‘s stock had its “outperform” rating restated by equities researchers at BNP Paribas in a research report issued on Friday, StockRatingsNetwork reports. They currently have a GBX 720 ($11.86) price target on the stock. BNP Paribas’ price target would indicate a potential upside of 9.67% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of British Land in a research note to investors on Wednesday. They now have a GBX 520 ($8.57) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of British Land to a “buy” rating in a research note to investors on Monday, January 27th. They now have a GBX 763 ($12.57) price target on the stock. Finally, 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. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. British Land presently has a consensus rating of “Hold” and a consensus price target of GBX 660.33 ($10.88).
British Land (LON:BLND) opened at 656.50 on Friday. British Land has a 1-year low of GBX 536.00 and a 1-year high of GBX 683.00. The stock has a 50-day moving average of GBX 636.1 and a 200-day moving average of GBX 604.4. The company’s market cap is £6.558 billion.
The company also recently announced a dividend, which is scheduled for Friday, May 2nd. Shareholders 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.
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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