British Land Company PLC (LON:BLND)‘s stock had its “hold” rating restated by research analysts at Peel Hunt in a research report issued on Wednesday, May 17th. They presently have a GBX 675 ($8.54) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 6.80% from the company’s previous close.
Several other brokerages also recently weighed in on BLND. Liberum Capital restated a “hold” rating and set a GBX 530 ($6.70) target price on shares of British Land Company PLC in a research note on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) raised their price objective on British Land Company PLC from GBX 707 ($8.94) to GBX 725 ($9.17) and gave the stock a “neutral” rating in a research report on Friday, May 12th. Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 500 ($6.33) price objective on shares of British Land Company PLC in a research report on Wednesday, April 26th. Numis Securities Ltd reiterated a “reduce” rating and issued a GBX 558 ($7.06) price objective on shares of British Land Company PLC in a research report on Thursday, March 2nd. Finally, BNP Paribas upgraded British Land Company PLC to an “outperform” rating and raised their price objective for the stock from GBX 700 ($8.86) to GBX 730 ($9.23) in a research report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. British Land Company PLC currently has an average rating of “Hold” and an average price target of GBX 658.43 ($8.33).
Shares of British Land Company PLC (LON:BLND) traded up 0.24% during trading on Wednesday, reaching GBX 632.00. 9,070,416 shares of the company’s stock traded hands. The company has a 50 day moving average price of GBX 646.46 and a 200 day moving average price of GBX 623.87. The stock’s market capitalization is GBX 6.51 billion. British Land Company PLC has a 1-year low of GBX 499.96 and a 1-year high of GBX 773.35.
The business also recently announced a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, June 29th will be given a GBX 7.30 ($0.09) dividend. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, June 29th.
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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 stock was acquired at an average cost of GBX 633 ($8.01) per share, for a total transaction of £43,328.85 ($54,811.95). Also, insider Tim Score purchased 2,999 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The stock was bought at an average price of GBX 601 ($7.60) per share, with a total value of £18,023.99 ($22,800.75). In the last three months, insiders have acquired 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.
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