British Land Company PLC (BLND) Earns Sell Rating from Liberum Capital
British Land Company PLC (LON:BLND)‘s stock had its “sell” rating restated by research analysts at Liberum Capital in a research note issued to investors on Thursday. They presently have a GBX 505 ($6.25) price objective on the stock. Liberum Capital’s price target suggests a potential downside of 13.23% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. BNP Paribas reiterated an “underperform” rating on shares of British Land Company PLC in a research note on Monday, October 3rd. Deutsche Bank AG reiterated a “hold” rating on shares of British Land Company PLC in a research note on Tuesday, October 4th. HSBC lifted their price target on shares of British Land Company PLC from GBX 647 ($8.01) to GBX 738 ($9.13) and gave the stock a “buy” rating in a research note on Friday, September 30th. Goldman Sachs Group Inc. decreased their price target on shares of British Land Company PLC from GBX 910 ($11.26) to GBX 736 ($9.11) and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Finally, Credit Suisse Group AG lifted their price target on shares of British Land Company PLC from GBX 685 ($8.48) to GBX 715 ($8.85) and gave the stock an “underperform” rating in a research note on Friday, June 17th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 771.26 ($9.55).
British Land Company PLC (LON:BLND) opened at 586.00 on Thursday. The stock has a 50 day moving average of GBX 635.19 and a 200-day moving average of GBX 673.88. British Land Company PLC has a 52-week low of GBX 499.96 and a 52-week high of GBX 879.00. The company’s market capitalization is GBX 6.03 billion.
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The business also recently declared a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, October 6th will be paid a GBX 7.30 ($0.09) dividend. 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. This represents a dividend yield of 1.16%.
In other news, insider Roberts,Timothy Andrew sold 37,499 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of GBX 666 ($8.24), for a total value of £249,743.34 ($309,088.29).
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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