British Land (BLND) Price Target Raised to GBX 710 at Credit Suisse Group

British Land (LON:BLND) had its target price upped by Credit Suisse Group from GBX 630 ($8.48) to GBX 710 ($9.56) in a research report sent to investors on Wednesday morning. The firm currently has a neutral rating on the stock.

Other analysts have also issued research reports about the stock. Deutsche Bank upgraded shares of British Land to a buy rating and upped their target price for the stock from GBX 590 ($7.94) to GBX 660 ($8.88) in a research note on Monday, September 11th. Societe Generale reissued a hold rating and issued a GBX 610 ($8.21) price target on shares of British Land in a report on Friday, November 17th. HSBC reissued a hold rating and issued a GBX 678 ($9.13) price target on shares of British Land in a report on Friday, November 17th. Numis Securities reissued a hold rating and issued a GBX 652 ($8.78) price target on shares of British Land in a report on Friday, December 1st. Finally, downgraded shares of British Land to a hold rating and cut their price target for the stock from GBX 738 ($9.93) to GBX 678 ($9.13) in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 666.71 ($8.97).

British Land (LON BLND) traded up GBX 5.50 ($0.07) during midday trading on Wednesday, hitting GBX 642.50 ($8.65). 4,209,242 shares of the stock traded hands, compared to its average volume of 4,850,000. British Land has a 12-month low of GBX 574.60 ($7.73) and a 12-month high of GBX 675.50 ($9.09).

The business also recently declared a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 4th will be given a dividend of GBX 7.52 ($0.10) per share. This represents a dividend yield of 1.22%. The ex-dividend date is Thursday, January 4th.

In other British Land news, insider William Jackson purchased 1,098 shares of British Land stock in a transaction on Friday, October 6th. The shares were acquired at an average cost of GBX 598 ($8.05) per share, for a total transaction of £6,566.04 ($8,837.20). Also, insider Lucinda Bell sold 60,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of GBX 622 ($8.37), for a total transaction of £373,200 ($502,288.02). Over the last quarter, insiders have bought 1,172 shares of company stock worth $701,246.

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British Land Company Profile

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.

Analyst Recommendations for British Land (LON:BLND)

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