Liberum Capital Reiterates “Hold” Rating for British Land (LON:BLND)

Liberum Capital reissued their hold rating on shares of British Land (LON:BLND) in a research report report published on Wednesday, Digital Look reports. Liberum Capital currently has a GBX 585 ($7.64) target price on the stock.

Several other analysts also recently weighed in on BLND. Royal Bank of Canada reiterated a sector performer rating and issued a GBX 600 ($7.84) target price on shares of British Land in a report on Monday, June 24th. Deutsche Bank reiterated a hold rating on shares of British Land in a report on Friday, July 12th. Morgan Stanley dropped their target price on shares of British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an equal weight rating for the company in a report on Monday, September 2nd. Goldman Sachs Group reiterated a neutral rating on shares of British Land in a report on Thursday, August 8th. Finally, Peel Hunt reiterated a hold rating on shares of British Land in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 590.62 ($7.72).

British Land stock opened at GBX 565 ($7.38) on Wednesday. British Land has a fifty-two week low of GBX 465.30 ($6.08) and a fifty-two week high of GBX 645 ($8.43). The company has a debt-to-equity ratio of 37.44, a quick ratio of 0.70 and a current ratio of 0.94. The firm has a 50 day moving average price of GBX 509.34 and a 200 day moving average price of GBX 554.60. The company has a market capitalization of $5.26 billion and a PE ratio of -18.83.

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be paid a GBX 7.98 ($0.10) dividend. This is an increase from British Land’s previous dividend of $7.75. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 1.48%. British Land’s payout ratio is -1.07%.

In other British Land news, insider Tim Score purchased 2,579 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was acquired at an average price of GBX 552 ($7.21) per share, for a total transaction of £14,236.08 ($18,601.96).

About British Land

Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.

Further Reading: What is a put option?

Analyst Recommendations for British Land (LON:BLND)

Receive News & Ratings for British Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British Land and related companies with MarketBeat.com's FREE daily email newsletter.