British Land Company PLC (LON:BLND) has been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 674.92 ($9.15).
A number of research analysts recently commented on BLND shares. Deutsche Bank raised their price objective on shares of British Land from GBX 650 ($8.81) to GBX 700 ($9.49) and gave the company a “buy” rating in a research note on Friday, December 1st. Numis Securities restated a “hold” rating and issued a GBX 679 ($9.21) price target on shares of British Land in a research report on Thursday, October 19th. Credit Suisse Group lifted their price target on shares of British Land from GBX 630 ($8.54) to GBX 710 ($9.63) and gave the stock a “neutral” rating in a research report on Wednesday, December 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 710 ($9.63) price target on shares of British Land in a research report on Friday, November 17th. Finally, Canaccord Genuity lifted their price target on shares of British Land from GBX 705 ($9.56) to GBX 745 ($10.10) and gave the stock a “buy” rating in a research report on Friday, December 22nd.
In other news, insider Tim Score acquired 2,654 shares of the stock in a transaction on Thursday, January 11th. The shares were purchased at an average cost of GBX 683 ($9.26) per share, for a total transaction of £18,126.82 ($24,582.07). Also, insider Lucinda Bell sold 60,000 shares of British Land stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of GBX 622 ($8.44), for a total transaction of £373,200 ($506,102.52). Over the last quarter, insiders have acquired 2,723 shares of company stock worth $1,857,078.
The company also recently disclosed a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, January 4th will be given a dividend of GBX 7.52 ($0.10) per share. This represents a yield of 1.22%. The ex-dividend date is Thursday, January 4th.
About British Land
The British Land Company PLC is a real estate company. The Company owns, manages, develops and finances a portfolio of commercial properties focused on retail locations around the United Kingdom and London offices. It creates and operates places for people to work, shop and live in. Its segments are Offices and residential, Retail and leisure, Canada Water and Other/unallocated.
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