Deutsche Bank AG Reaffirms Hold Rating for British Land Company PLC (BLND)
British Land Company PLC (LON:BLND)‘s stock had its “hold” rating reissued by Deutsche Bank AG in a research note issued on Tuesday.
Other equities research analysts also recently issued research reports about the company. Citigroup Inc. reiterated a “buy” rating on shares of British Land Company PLC in a research report on Friday, June 17th. Canaccord Genuity reiterated a “buy” rating and set a GBX 899 ($11.73) price objective on shares of British Land Company PLC in a research report on Monday, July 18th. HSBC increased their price objective on British Land Company PLC from GBX 647 ($8.45) to GBX 738 ($9.63) and gave the company a “buy” rating in a research report on Friday, September 30th. Jefferies Group boosted their target price on shares of British Land Company PLC from GBX 647 ($8.45) to GBX 738 ($9.63) and gave the company a “buy” rating in a research note on Friday, September 30th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 892 ($11.64) target price on shares of British Land Company PLC in a research note on Friday, July 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 786.79 ($10.27).
Shares of British Land Company PLC (LON:BLND) traded down 1.5101% on Tuesday, reaching GBX 588.3986. The company had a trading volume of 8,913,884 shares. The company has a 50 day moving average price of GBX 640.81 and a 200 day moving average price of GBX 676.44. British Land Company PLC has a 52-week low of GBX 499.96 and a 52-week high of GBX 879.00. The stock’s market capitalization is GBX 6058.47 billion.
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The business also recently announced 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%. The ex-dividend date of this dividend is Thursday, October 6th. This is a boost from British Land Company PLC’s previous dividend of $7.09.
In related news, 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 value 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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