British Land Company PLC (LON:BLND) had its price target boosted by Liberum Capital from GBX 650 ($8.57) to GBX 665 ($8.77) in a report released on Tuesday. Liberum Capital currently has a hold rating on the stock.
A number of other equities research analysts have also weighed in on the company. BNP Paribas raised British Land Company PLC to an outperform rating and lifted their price objective for the company from GBX 700 ($9.23) to GBX 730 ($9.63) in a report on Thursday, April 6th. Goldman Sachs Group, Inc. (The) lifted their price objective on British Land Company PLC from GBX 707 ($9.33) to GBX 725 ($9.56) and gave the company a neutral rating in a report on Friday, May 12th. Credit Suisse Group reaffirmed a neutral rating on shares of British Land Company PLC in a report on Wednesday, June 28th. Peel Hunt reaffirmed a hold rating and issued a GBX 675 ($8.90) price objective on shares of British Land Company PLC in a report on Wednesday, May 17th. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 700 ($9.23) price objective on shares of British Land Company PLC in a report on Monday, June 5th. One investment 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. British Land Company PLC presently has an average rating of Hold and an average target price of GBX 669.46 ($8.83).
Shares of British Land Company PLC (BLND) opened at 615.00 on Tuesday. British Land Company PLC has a 52-week low of GBX 566.41 and a 52-week high of GBX 682.50. The company’s 50 day moving average price is GBX 614.36 and its 200 day moving average price is GBX 621.82. The stock’s market capitalization is GBX 6.33 billion.
The business also recently declared a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 5th will be given a dividend of GBX 7.52 ($0.10) per share. This represents a dividend yield of 1.21%. This is an increase from British Land Company PLC’s previous dividend of $7.30. The ex-dividend date of this dividend is Thursday, October 5th.
In related news, insider Charles Maudsley sold 11,205 shares of British Land Company PLC stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of GBX 601 ($7.93), for a total transaction of £67,342.05 ($88,830.04). Also, insider Lucinda Bell acquired 6,845 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average price of GBX 633 ($8.35) per share, with a total value of £43,328.85 ($57,154.53). Insiders have purchased a total of 10,359 shares of company stock valued at $6,535,904 over the last 90 days.
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.
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