British Land Company PLC (BLND) Receives “Hold” Rating from Deutsche Bank AG
British Land Company PLC (LON:BLND)‘s stock had its “hold” rating reiterated by Deutsche Bank AG in a report released on Monday.
BLND has been the subject of a number of other research reports. BNP Paribas restated an “outperform” rating and issued a GBX 720 ($9.40) target price on shares of British Land Company PLC in a research report on Monday, June 27th. Goldman Sachs Group Inc. lowered their price objective on British Land Company PLC from GBX 910 ($11.88) to GBX 736 ($9.61) and set a “neutral” rating for the company in a research report on Wednesday, June 29th. Credit Suisse Group AG boosted their price objective on British Land Company PLC from GBX 685 ($8.94) to GBX 715 ($9.33) and gave the company an “underperform” rating in a research report on Friday, June 17th. Liberum Capital lowered their price objective on British Land Company PLC from GBX 893 ($11.66) to GBX 800 ($10.44) and set a “hold” rating for the company in a research report on Monday, May 23rd. Finally, Morgan Stanley boosted their price objective on British Land Company PLC from GBX 610 ($7.96) to GBX 660 ($8.62) and gave the company an “overweight” rating in a research report on Wednesday, August 31st. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 793.78 ($10.36).
Shares of British Land Company PLC (LON:BLND) opened at 634.50 on Monday. The firm’s 50-day moving average is GBX 650.07 and its 200-day moving average is GBX 680.61. British Land Company PLC has a 52 week low of GBX 499.96 and a 52 week high of GBX 879.00. The firm’s market capitalization is GBX 6.53 billion.
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The firm also recently disclosed a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be given a dividend of GBX 7.30 ($0.10) per share. The ex-dividend date is Thursday, October 6th. This is a boost from British Land Company PLC’s previous dividend of $7.09. This represents a dividend yield of 1.16%.
In related news, insider Roberts,Timothy Andrew sold 37,499 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of GBX 666 ($8.69), for a total transaction of £249,743.34 ($325,993.13).
About British Land Company PLC
British Land Company PLC (British Land) is a real estate company. The Company manages, develops and finances portfolio of properties. The Company focuses on retail locations around the United Kingdom and London offices. The Company allocates resources to investment and asset management according to the sectors it expects to perform over the medium-term.
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