British Land (LON:BLND) had its price objective lifted by JPMorgan Chase & Co. from GBX 605 ($7.96) to GBX 630 ($8.29) in a report published on Thursday, Stock Target Advisor reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Several other equities analysts have also recently weighed in on BLND. Goldman Sachs Group raised their price target on shares of British Land from GBX 529 ($6.96) to GBX 606 ($7.97) and gave the company a neutral rating in a research report on Tuesday, December 10th. Jefferies Financial Group dropped their price target on shares of British Land from GBX 424 ($5.58) to GBX 399 ($5.25) and set an underperform rating on the stock in a research report on Thursday, November 14th. UBS Group reaffirmed a buy rating on shares of British Land in a research report on Thursday, November 14th. Barclays cut shares of British Land to an underweight rating and dropped their price target for the company from GBX 500 ($6.58) to GBX 490 ($6.45) in a research report on Monday, November 25th. Finally, Bank of America dropped their price target on shares of British Land from GBX 570 ($7.50) to GBX 560 ($7.37) and set an underperform rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. British Land has an average rating of Hold and a consensus target price of GBX 563.69 ($7.42).
LON BLND traded up GBX 4 ($0.05) during trading hours on Thursday, hitting GBX 588 ($7.73). The company’s stock had a trading volume of 2,775,299 shares, compared to its average volume of 3,540,000. British Land has a 52 week low of GBX 465.30 ($6.12) and a 52 week high of GBX 649.40 ($8.54). The company has a market capitalization of $5.47 billion and a PE ratio of -8.65. 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 company’s 50-day simple moving average is GBX 606.54 and its two-hundred day simple moving average is GBX 564.33.
The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 2nd will be paid a GBX 7.98 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a yield of 1.44%. British Land’s dividend payout ratio (DPR) is -0.47%.
In other news, insider Tim Score acquired 4,082 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was purchased at an average price of GBX 612 ($8.05) per share, for a total transaction of £24,981.84 ($32,862.19). In the last quarter, insiders acquired 4,133 shares of company stock valued at $2,527,676.
About British Land
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.
Further Reading: What does a neutral rating on stocks mean?
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