HSBC Holdings plc lowered shares of British Land Company PLC (LON:BLND) to a hold rating in a research report released on Monday morning, Marketbeat reports. The brokerage currently has GBX 678 ($8.80) target price on the stock, down from their prior target price of GBX 738 ($9.58).
A number of other equities analysts have also recently commented on the company. Liberum Capital reaffirmed a hold rating and issued a GBX 665 ($8.63) target price on shares of British Land Company PLC in a report on Friday, August 18th. J P Morgan Chase & Co raised their target price on British Land Company PLC from GBX 700 ($9.09) to GBX 710 ($9.22) and gave the stock a neutral rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a GBX 611 ($7.93) target price on shares of British Land Company PLC in a report on Wednesday, July 19th. Numis Securities Ltd reaffirmed a hold rating and issued a GBX 679 ($8.81) target price on shares of British Land Company PLC in a report on Tuesday, July 18th. Finally, Credit Suisse Group reaffirmed a neutral rating on shares of British Land Company PLC in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. British Land Company PLC has an average rating of Hold and a consensus price target of GBX 664.85 ($8.63).
British Land Company PLC (LON:BLND) opened at 605.00 on Monday. The firm has a 50-day moving average price of GBX 611.92 and a 200-day moving average price of GBX 624.15. The firm’s market capitalization is GBX 6.23 billion. British Land Company PLC has a one year low of GBX 566.41 and a one year high of GBX 682.50.
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The business also recently declared a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 5th will be given a GBX 7.52 ($0.10) dividend. The ex-dividend date is Thursday, October 5th. This represents a yield of 1.21%. This is a positive change from British Land Company PLC’s previous dividend of $7.30.
In related news, insider William Jackson purchased 1,144 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was bought at an average price of GBX 604 ($7.84) per share, for a total transaction of £6,909.76 ($8,970.22). Also, insider Charles Maudsley sold 11,205 shares of British Land Company PLC stock in a transaction dated Friday, June 30th. The stock was sold at an average price of GBX 601 ($7.80), for a total value of £67,342.05 ($87,423.15). In the last quarter, insiders purchased 8,062 shares of company stock valued at $5,069,073.
About British Land Company PLC
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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