Peel Hunt reiterated their hold rating on shares of British Land (LON:BLND) in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also recently issued reports on BLND. JPMorgan Chase & Co. raised their target price on British Land from GBX 605 ($7.96) to GBX 630 ($8.29) and gave the company a neutral rating in a research note on Thursday, January 16th. Deutsche Bank raised their target price on British Land from GBX 580 ($7.63) to GBX 630 ($8.29) and gave the company a hold rating in a research note on Wednesday, December 18th. Goldman Sachs Group upgraded British Land to a buy rating and raised their target price for the company from GBX 606 ($7.97) to GBX 661 ($8.70) in a research note on Friday, January 17th. Bank of America cut their target price on British Land from GBX 570 ($7.50) to GBX 560 ($7.37) and set an underperform rating on the stock in a research note on Wednesday, January 15th. Finally, Citigroup reiterated a sell rating on shares of British Land in a research note on Friday, November 8th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 584.69 ($7.69).
BLND stock opened at GBX 587.80 ($7.73) on Tuesday. The company has a debt-to-equity ratio of 44.86, a quick ratio of 0.26 and a current ratio of 0.31. The stock has a market capitalization of $5.45 billion and a price-to-earnings ratio of -8.64. British Land has a 1 year low of GBX 465.30 ($6.12) and a 1 year high of GBX 649.40 ($8.54). The stock’s fifty day moving average is GBX 590.26 and its two-hundred day moving average is GBX 568.73.
The firm also recently declared a dividend, which will be paid on Friday, May 1st. Stockholders of record on Thursday, March 26th will be issued a dividend of GBX 7.98 ($0.11) per share. This represents a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, March 26th. British Land’s dividend payout ratio (DPR) is -0.47%.
In other British Land news, insider Tim Score purchased 4,082 shares of the stock in a transaction dated Thursday, January 2nd. The shares were bought at an average cost of GBX 612 ($8.05) per share, with a total value of £24,981.84 ($32,862.19).
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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