British Land Company PLC (LON:BLND) had its target price upped by Jefferies Group from GBX 647 ($8.45) to GBX 738 ($9.63) in a research report sent to investors on Friday morning. The firm currently has a buy rating on the stock.
A number of other analysts have also recently issued reports on BLND. Peel Hunt reissued a hold rating and set a GBX 892 ($11.64) target price on shares of British Land Company PLC in a research note on Friday, July 8th. Citigroup Inc. reaffirmed a buy rating on shares of British Land Company PLC in a research note on Friday, June 17th. BNP Paribas reaffirmed 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. Canaccord Genuity reaffirmed a buy rating and set a GBX 899 ($11.73) price target on shares of British Land Company PLC in a research note on Monday, July 18th. Finally, Credit Suisse Group AG raised their price target on shares of British Land Company PLC from GBX 685 ($8.94) to GBX 715 ($9.33) and gave the stock an underperform rating in a research note on Friday, June 17th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 786.79 ($10.27).
British Land Company PLC (LON:BLND) opened at 608.32 on Friday. British Land Company PLC has a 1-year low of GBX 499.96 and a 1-year high of GBX 879.00. The firm’s market capitalization is GBX 6.26 billion. The company’s 50-day moving average is GBX 644.26 and its 200 day moving average is GBX 677.65.
The business also recently declared a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be paid a GBX 7.30 ($0.10) dividend. This represents a yield of 1.16%. The ex-dividend date is Thursday, October 6th. This is an increase from British Land Company PLC’s previous dividend of $7.09.
In related news, insider Roberts,Timothy Andrew sold 37,499 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of GBX 666 ($8.69), for a total value of £249,743.34 ($325,993.13).
About British Land Company PLC
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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