British Land Company PLC’s (BLND) “Hold” Rating Reaffirmed at Deutsche Bank AG
British Land Company PLC (LON:BLND)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank AG in a report issued on Monday.
A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of British Land Company PLC from GBX 900 ($11.75) to GBX 800 ($10.44) and set an “overweight” rating for the company in a research note on Tuesday, September 6th. BNP Paribas reissued an “underperform” rating on shares of British Land Company PLC in a research note on Thursday, September 1st. Morgan Stanley boosted their price target on shares of British Land Company PLC from GBX 610 ($7.96) to GBX 660 ($8.62) and gave the stock an “overweight” rating in a research note on Wednesday, August 31st. Numis Securities Ltd cut shares of British Land Company PLC to a “hold” rating and cut their price objective for the company from GBX 805 ($10.51) to GBX 671 ($8.76) in a research note on Tuesday, August 16th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 741 ($9.67) price objective on shares of British Land Company PLC in a research note on Monday, July 18th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 793.78 ($10.36).
Shares of British Land Company PLC (LON:BLND) traded up 0.24% during trading on Monday, reaching GBX 627.00. 3,152,708 shares of the company were exchanged. British Land Company PLC has a one year low of GBX 499.96 and a one year high of GBX 879.00. The stock’s market capitalization is GBX 6.45 billion. The stock has a 50-day moving average price of GBX 650.07 and a 200-day moving average price of GBX 680.61.
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The firm also recently declared a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be paid a GBX 7.30 ($0.10) dividend. This represents a dividend yield of 1.16%. This is a positive change from British Land Company PLC’s previous dividend of $7.09. The ex-dividend date is Thursday, October 6th.
In other news, insider Maudsley,Charles acquired 12,020 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The shares were bought at an average cost of GBX 600 ($7.83) per share, with a total value of £72,120 ($94,139.15). Also, insider Roberts,Timothy Andrew sold 37,499 shares of the stock in a transaction dated Friday, August 5th. The shares were 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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