British Land Company PLC (LON:BLND) had its price objective increased by analysts at Goldman Sachs Group, Inc. (The) from GBX 707 ($8.94) to GBX 725 ($9.17) in a research report issued to clients and investors on Friday, May 12th. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group, Inc. (The)’s price objective indicates a potential upside of 14.72% from the company’s current price.
A number of other equities research analysts have also issued reports on the company. BNP Paribas reiterated a “buy” rating and issued a GBX 700 ($8.86) target price on shares of British Land Company PLC in a research note on Wednesday, January 25th. Canaccord Genuity lowered their target price on British Land Company PLC from GBX 695 ($8.79) to GBX 675 ($8.54) and set a “buy” rating for the company in a research note on Friday, February 17th. Liberum Capital reiterated a “hold” rating and issued a GBX 530 ($6.70) target price on shares of British Land Company PLC in a research note on Tuesday, February 28th. Barclays PLC reiterated an “overweight” rating and issued a GBX 740 ($9.36) target price on shares of British Land Company PLC in a research note on Friday, January 13th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 770 ($9.74) target price on shares of British Land Company PLC in a research note on Friday, March 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. British Land Company PLC currently has a consensus rating of “Hold” and an average target price of GBX 662.20 ($8.38).
British Land Company PLC (BLND) traded up 0.24% during trading on Friday, reaching GBX 632.00. The company’s stock had a trading volume of 9,070,416 shares. British Land Company PLC has a 1-year low of GBX 499.96 and a 1-year high of GBX 773.35. The company’s 50-day moving average is GBX 646.46 and its 200-day moving average is GBX 623.87. The company’s market capitalization is GBX 6.51 billion.
The company also recently announced a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, June 29th will be issued a dividend of GBX 7.30 ($0.09) per share. This represents a yield of 1.08%. The ex-dividend date of this dividend is Thursday, June 29th.
In related news, insider Lucinda Bell purchased 6,845 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were acquired at an average price of GBX 633 ($8.01) per share, with a total value of £43,328.85 ($54,811.95). Also, insider Nick Macpherson purchased 2,300 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average cost of GBX 638 ($8.07) per share, for a total transaction of £14,674 ($18,562.93). In the last three months, insiders purchased 12,212 shares of company stock worth $7,647,160.
About British Land Company PLC
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.
Receive News & Ratings for British Land Company PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British Land Company PLC and related companies with MarketBeat.com's FREE daily email newsletter.