British Land Company PLC (BLND) Given Average Rating of “Hold” by Brokerages

British Land Company PLC (LON:BLND) has earned an average rating of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 632.63 ($8.27).

Several research firms recently issued reports on BLND. Morgan Stanley cut their target price on British Land from GBX 640 ($8.36) to GBX 620 ($8.10) and set an “equal weight” rating for the company in a research report on Thursday, March 14th. Deutsche Bank reiterated a “buy” rating on shares of British Land in a research note on Tuesday, March 19th. Liberum Capital cut their price objective on British Land from GBX 725 ($9.47) to GBX 585 ($7.64) and set a “hold” rating for the company in a research note on Wednesday, January 9th. Peel Hunt reiterated a “hold” rating on shares of British Land in a research note on Tuesday, February 19th. Finally, Citigroup lowered British Land to a “sell” rating and cut their price objective for the stock from GBX 647 ($8.45) to GBX 452 ($5.91) in a research note on Friday, January 25th.

LON:BLND opened at GBX 595.60 ($7.78) on Friday. The company has a debt-to-equity ratio of 31.78, a current ratio of 1.18 and a quick ratio of 0.60. British Land has a 12-month low of GBX 520 ($6.79) and a 12-month high of GBX 703 ($9.19). The stock has a market cap of $5.65 billion and a P/E ratio of 28.77.

The business also recently declared a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 28th will be given a GBX 7.75 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a dividend yield of 1.38%. British Land’s dividend payout ratio (DPR) is presently 1.50%.

In other news, insider Chris Grigg sold 4,978 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of GBX 604 ($7.89), for a total value of £30,067.12 ($39,288.02). Also, insider William Jackson purchased 2,310 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was bought at an average price of GBX 599 ($7.83) per share, with a total value of £13,836.90 ($18,080.36). Insiders bought 2,385 shares of company stock valued at $1,428,519 over the last 90 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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