British Land (OTCMKTS:BTLCY) Hits New 1-Year Low at $5.79

British Land Company Plc (OTCMKTS:BTLCYGet Rating)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $5.79 and last traded at $5.86, with a volume of 97823 shares trading hands. The stock had previously closed at $6.11.

Several analysts have recently weighed in on the stock. Morgan Stanley raised shares of British Land from an “equal weight” rating to an “overweight” rating in a report on Monday, March 28th. Jefferies Financial Group raised shares of British Land from an “underperform” rating to a “hold” rating in a report on Friday, March 25th. Barclays raised shares of British Land from an “underweight” rating to an “overweight” rating in a report on Tuesday, June 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of British Land from GBX 650 ($7.96) to GBX 710 ($8.70) in a research note on Friday, April 29th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $675.00.

The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.36. The business’s 50-day simple moving average is $6.41 and its 200-day simple moving average is $6.88.

The firm also recently announced a dividend, which will be paid on Monday, August 8th. Shareholders of record on Friday, June 24th will be given a dividend of $0.1028 per share. This represents a yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 23rd.

British Land Company Profile (OTCMKTS:BTLCY)

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 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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