British Land Company PLC (LON:BLND) had its price target raised by equities research analysts at HSBC from GBX 647 ($8.45) to GBX 738 ($9.63) in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. HSBC’s price objective suggests a potential upside of 17.24% from the stock’s current price.
Several other equities analysts have also commented on BLND. Citigroup Inc. restated a “buy” rating on shares of British Land Company PLC in a research note on Friday, June 17th. Credit Suisse Group AG raised their price target on British Land Company PLC from GBX 685 ($8.94) to GBX 715 ($9.33) and gave the company an “underperform” rating in a research note on Friday, June 17th. BNP Paribas restated an “outperform” rating and set a GBX 840 ($10.96) price target on shares of British Land Company PLC in a research note on Monday, June 20th. JPMorgan Chase & Co. cut their price target on British Land Company PLC from GBX 950 ($12.40) to GBX 900 ($11.75) and set an “overweight” rating on the stock in a research note on Wednesday, June 22nd. Finally, Deutsche Bank AG cut their price target on British Land Company PLC from GBX 900 ($11.75) to GBX 810 ($10.57) and set a “hold” rating on the stock in a research note on Friday, June 24th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 789.50 ($10.31).
Shares of British Land Company PLC (LON:BLND) opened at 621.3184 on Friday. The stock’s 50 day moving average is GBX 648.10 and its 200 day moving average is GBX 679.83. British Land Company PLC has a 52-week low of GBX 499.96 and a 52-week high of GBX 879.00. The stock’s market cap is GBX 6.40 billion.
The company also recently announced a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be issued a dividend of GBX 7.30 ($0.10) per share. This is an increase from British Land Company PLC’s previous dividend of $7.09. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 1.16%.
In related news, insider Roberts,Timothy Andrew sold 37,499 shares of British Land Company PLC stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of GBX 666 ($8.69), for a total transaction of £249,743.34 ($325,993.13).
British Land Company PLC Company Profile
British Land Company PLC (British Land) is a real estate company. The Company manages, develops and finances portfolio of properties. The Company focuses on retail locations around the United Kingdom and London offices. The Company allocates resources to investment and asset management according to the sectors it expects to perform over the medium-term.
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