British Land Company PLC (BLND) Given “Underperform” Rating at BNP Paribas
British Land Company PLC (LON:BLND)‘s stock had its “underperform” rating reaffirmed by research analysts at BNP Paribas in a research report issued on Tuesday.
Several other brokerages also recently issued reports on BLND. Deutsche Bank AG lowered their price objective on shares of British Land Company PLC from GBX 900 ($11.14) to GBX 810 ($10.02) and set a “hold” rating for the company in a research report on Friday, June 24th. JPMorgan Chase & Co. lowered their price objective on shares of British Land Company PLC from GBX 950 ($11.76) to GBX 900 ($11.14) and set an “overweight” rating for the company in a research report on Wednesday, June 22nd. Credit Suisse Group AG increased their price objective on shares of British Land Company PLC from GBX 685 ($8.48) to GBX 715 ($8.85) and gave the company an “underperform” rating in a research report on Friday, June 17th. Citigroup Inc. reaffirmed a “buy” rating on shares of British Land Company PLC in a research report on Friday, June 17th. Finally, Numis Securities Ltd downgraded shares of British Land Company PLC to a “hold” rating and lowered their price objective for the company from GBX 805 ($9.96) to GBX 671 ($8.30) in a research report on Tuesday, August 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 786.79 ($9.74).
British Land Company PLC (LON:BLND) traded up 1.03% during mid-day trading on Tuesday, reaching GBX 589.50. 4,818,561 shares of the company traded hands. The stock’s market capitalization is GBX 6.07 billion. The firm’s 50-day moving average is GBX 637.19 and its 200 day moving average is GBX 674.53. British Land Company PLC has a 52-week low of GBX 499.96 and a 52-week high of GBX 879.00.
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The business also recently disclosed a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 7.30 ($0.09) per share. This is a boost from British Land Company PLC’s previous dividend of $7.09. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Roberts,Timothy Andrew sold 13,994 shares of British Land Company PLC stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of GBX 661 ($8.18), for a total transaction of £92,500.34 ($114,480.62).
British Land Company PLC Company Profile
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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