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British Land Company PLC (LON:BLND) Price Target Raised to GBX 710
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A number of other equities analysts have also recently issued reports on BLND. BNP Paribas restated a neutral rating and issued a GBX 700 ($9.14) target price on shares of British Land Company PLC in a report on Monday, April 3rd. Jefferies Group LLC restated an underperform rating and issued a GBX 500 ($6.53) target price on shares of British Land Company PLC in a report on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) raised their target price on British Land Company PLC from GBX 707 ($9.23) to GBX 725 ($9.47) and gave the stock a neutral rating in a research report on Friday, May 12th. Liberum Capital reaffirmed a hold rating and issued a GBX 530 ($6.92) target price on shares of British Land Company PLC in a research report on Wednesday, May 17th. Finally, Peel Hunt reaffirmed a hold rating and issued a GBX 675 ($8.81) target price on shares of British Land Company PLC in a research report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 668.31 ($8.73).
Shares of British Land Company PLC (BLND) opened at 621.50 on Thursday. The stock’s market capitalization is GBX 6.40 billion. British Land Company PLC has a 12 month low of GBX 566.41 and a 12 month high of GBX 682.50. The stock has a 50 day moving average price of GBX 619.09 and a 200 day moving average price of GBX 622.80.
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The firm also recently disclosed a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 5th will be paid a GBX 7.52 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, October 5th. This is a positive change from British Land Company PLC’s previous dividend of $7.30. This represents a dividend yield of 1.21%.
In other news, insider William Jackson purchased 1,144 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were purchased at an average cost of GBX 604 ($7.89) per share, for a total transaction of £6,909.76 ($9,022.93). Also, insider Lucinda Bell purchased 6,845 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were purchased at an average price of GBX 633 ($8.27) per share, for a total transaction of £43,328.85 ($56,579.85). Insiders bought 10,359 shares of company stock worth $6,535,904 over the last quarter.
British Land Company PLC Company Profile
The British Land Company PLC is a real estate company. The Company owns, manages, develops and finances a portfolio of commercial properties focused on retail locations around the United Kingdom and London offices. It creates and operates places for people to work, shop and live in. Its segments are Offices and residential, Retail and leisure, Canada Water and Other/unallocated.