Deutsche Bank Reiterates Sell Rating for British Land Company PLC (BLND)
British Land Company PLC (LON:BLND)‘s stock had its “sell” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, StockRatingsNetwork.com reports. They currently have a GBX 520 ($8.71) target price on the stock. Deutsche Bank’s price target would suggest a potential downside of 25.82% from the stock’s previous close.
British Land Company PLC (LON:BLND) opened at 701.00 on Friday. British Land Company PLC has a one year low of GBX 536.00 and a one year high of GBX 706.00. The stock has a 50-day moving average of GBX 660.0 and a 200-day moving average of GBX 611.4. The company’s market cap is £7.003 billion.
The company also recently declared a dividend, which is scheduled for Friday, May 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of GBX 6.75 ($0.11) per share. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, March 19th.
A number of other analysts have also recently weighed in on BLND. Analysts at Liberum Capital reiterated a “buy” rating on shares of British Land Company PLC in a research note on Monday, February 17th. They now have a GBX 732 ($12.27) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of British Land Company PLC in a research note on Friday, February 14th. They now have a GBX 707 ($11.85) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of British Land Company PLC in a research note on Thursday, February 13th. They now have a GBX 720 ($12.07) price target on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. British Land Company PLC has an average rating of “Hold” and an average target price of GBX 662.83 ($11.11).
The British Land Company PLC (LON:BLND) is a real estate investment trust (REIT).
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