British Land Company PLC (LON:BLND) had its target price boosted by research analysts at Jefferies Group from GBX 647 ($8.45) to GBX 738 ($9.63) in a report released on Friday. The brokerage currently has a ” buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 17.24% from the company’s current price.
A number of other research firms also recently issued reports on BLND. BNP Paribas reissued an “outperform” rating and issued a GBX 720 ($9.40) price objective on shares of British Land Company PLC in a report on Monday, June 27th. JPMorgan Chase & Co. dropped their price objective on shares of British Land Company PLC from GBX 950 ($12.40) to GBX 900 ($11.75) and set an “overweight” rating on the stock in a report on Wednesday, June 22nd. Citigroup Inc. reissued a “buy” rating on shares of British Land Company PLC in a report on Friday, June 17th. Canaccord Genuity reissued a “buy” rating and issued a GBX 899 ($11.73) price objective on shares of British Land Company PLC in a report on Monday, July 18th. Finally, Credit Suisse Group AG raised their price objective on shares of British Land Company PLC from GBX 685 ($8.94) to GBX 715 ($9.33) and gave the stock an “underperform” rating in a report on Friday, June 17th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 786.79 ($10.27).
Shares of British Land Company PLC (LON:BLND) opened at 624.50 on Friday. British Land Company PLC has a 52-week low of GBX 499.96 and a 52-week high of GBX 879.00. The stock has a 50 day moving average of GBX 648.10 and a 200 day moving average of GBX 679.83. The company’s market cap is GBX 6.43 billion.
The company also recently disclosed a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 7.30 ($0.10) per share. This represents a yield of 1.16%. This is a positive change from British Land Company PLC’s previous dividend of $7.09. The ex-dividend date of this dividend is Thursday, October 6th.
In other British Land Company PLC news, insider Roberts,Timothy Andrew sold 37,499 shares of British Land Company PLC stock in a transaction on Friday, August 5th. The shares were sold at an average price of GBX 666 ($8.69), for a total transaction of £249,743.34 ($325,993.13).
British Land Company PLC Company Profile
British Land Company PLC (British Land) is a real estate company. The Company manages, develops and finances portfolio of properties. The Company focuses on retail locations around the United Kingdom and London offices. The Company allocates resources to investment and asset management according to the sectors it expects to perform over the medium-term.
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