Analysts Set British Land Company PLC (LON:BLND) Price Target at GBX 547.56

British Land Company PLC (LON:BLND) has been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 542.88 ($7.09).

BLND has been the topic of several analyst reports. UBS Group reaffirmed a “buy” rating on shares of British Land in a research note on Thursday, November 14th. Royal Bank of Canada dropped their price target on shares of British Land from GBX 600 ($7.84) to GBX 550 ($7.19) and set a “sector performer” rating for the company in a research report on Tuesday, November 19th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 605 ($7.91) price target (down previously from GBX 615 ($8.04)) on shares of British Land in a report on Thursday, November 14th. Peel Hunt restated a “hold” rating and issued a GBX 575 ($7.51) price objective on shares of British Land in a research report on Tuesday, October 1st. Finally, Barclays downgraded shares of British Land to an “underweight” rating and lowered their price objective for the company from GBX 500 ($6.53) to GBX 490 ($6.40) in a research note on Monday, November 25th.

British Land stock traded up GBX 10.80 ($0.14) during trading hours on Monday, reaching GBX 607 ($7.93). The company had a trading volume of 4,060,706 shares, compared to its average volume of 3,540,000. The company has a debt-to-equity ratio of 44.86, a current ratio of 0.31 and a quick ratio of 0.26. British Land has a 12-month low of GBX 465.30 ($6.08) and a 12-month high of GBX 649.40 ($8.49). The company has a 50-day moving average price of GBX 589.84 and a 200 day moving average price of GBX 549.52. The firm has a market cap of $5.62 billion and a price-to-earnings ratio of -8.93.

The business also recently announced a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 2nd will be given a GBX 7.98 ($0.10) dividend. The ex-dividend date is Thursday, January 2nd. This represents a dividend yield of 1.44%. British Land’s dividend payout ratio is -0.47%.

In other news, insider William Jackson acquired 1,995 shares of the business’s stock in a transaction on Monday, October 7th. The shares were acquired at an average cost of GBX 562 ($7.34) per share, with a total value of £11,211.90 ($14,650.33). Insiders have bought a total of 2,046 shares of company stock worth $1,150,557 in the last ninety days.

British Land Company Profile

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.

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Analyst Recommendations for British Land (LON:BLND)

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