Peel Hunt restated their hold rating on shares of British Land (LON:BLND) in a research report report published on Wednesday, Stock Target Advisor reports.
Other equities analysts have also recently issued reports about the company. Deutsche Bank reaffirmed a hold rating on shares of British Land in a report on Thursday, September 19th. Goldman Sachs Group raised their target price on British Land from GBX 526 ($6.87) to GBX 529 ($6.91) and gave the stock a neutral rating in a report on Tuesday, November 5th. Citigroup reaffirmed a sell rating on shares of British Land in a report on Friday, November 8th. Peel Hunt reaffirmed a hold rating and issued a GBX 575 ($7.51) target price on shares of British Land in a report on Tuesday, October 1st. Finally, Liberum Capital reaffirmed a hold rating and issued a GBX 585 ($7.64) target price on shares of British Land in a report on Wednesday. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. British Land presently has a consensus rating of Hold and a consensus price target of GBX 570.36 ($7.45).
British Land stock traded up GBX 2.20 ($0.03) during trading on Wednesday, reaching GBX 556 ($7.27). The company had a trading volume of 9,078,083 shares, compared to its average volume of 3,540,000. British Land has a 52 week low of GBX 465.30 ($6.08) and a 52 week high of GBX 649.40 ($8.49). The firm’s 50-day simple moving average is GBX 592.21 and its 200 day simple moving average is GBX 551.93. The firm has a market capitalization of $5.14 billion and a price-to-earnings ratio of -8.18. The company has a current ratio of 0.31, a quick ratio of 0.26 and a debt-to-equity ratio of 44.86.
The firm also recently declared a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 2nd will be paid a GBX 7.98 ($0.10) dividend. The ex-dividend date is Thursday, January 2nd. This represents a yield of 1.44%. British Land’s payout ratio is presently -0.47%.
In other British Land news, insider William Jackson purchased 1,995 shares of the business’s stock in a transaction on Monday, October 7th. The stock was acquired at an average price of GBX 562 ($7.34) per share, for a total transaction of £11,211.90 ($14,650.33). Insiders acquired a total of 2,046 shares of company stock valued at $1,150,557 in the last quarter.
British Land Company Profile
Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.
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