British Land Company PLC Given “Buy” Rating at Jefferies Group (BLND)
British Land Company PLC (LON:BLND)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. They currently have a GBX 707 ($11.76) price objective on the stock. Jefferies Group’s price target points to a potential upside of 1.73% from the company’s current price.
A number of other firms have also recently commented on BLND. Analysts at BNP Paribas reiterated an “outperform” rating on shares of British Land Company PLC in a research note on Tuesday. They now have a GBX 720 ($11.97) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of British Land Company PLC from GBX 660 ($10.98) to GBX 715 ($11.89) in a research note on Monday. They now have an “add” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of British Land Company PLC in a research note on Friday, February 21st. They now have a GBX 520 ($8.65) 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 issued a buy rating to the company’s stock. British Land Company PLC currently has an average rating of “Hold” and a consensus target price of GBX 665.89 ($11.07).
British Land Company PLC (LON:BLND) traded down 0.71% during mid-day trading on Wednesday, hitting GBX 695.00. 1,768,605 shares of the company’s stock traded hands. British Land Company PLC has a 1-year low of GBX 536.00 and a 1-year high of GBX 706.00. The stock’s 50-day moving average is GBX 666.3 and its 200-day moving average is GBX 613.9. The company’s market cap is £6.943 billion.
The company also recently announced a dividend, which is scheduled for Friday, May 2nd. Stockholders 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 (LON:BLND) is a real estate investment trust (REIT).
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