British Land Company PLC (LON:BLND) had its price target raised by analysts at HSBC from GBX 647 ($8.45) to GBX 738 ($9.63) in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. HSBC’s price objective would indicate a potential upside of 17.33% from the company’s current price.
Several other research firms have also commented on BLND. BNP Paribas reaffirmed an “outperform” rating and set a GBX 720 ($9.40) target price on shares of British Land Company PLC in a report on Monday, June 27th. JPMorgan Chase & Co. lowered their target price on British Land Company PLC from GBX 950 ($12.40) to GBX 900 ($11.75) and set an “overweight” rating for the company in a report on Wednesday, June 22nd. Citigroup Inc. reaffirmed 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 increased their price objective on 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 equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. British Land Company PLC currently has a consensus rating of “Hold” and an average price target of GBX 786.79 ($10.27).
British Land Company PLC (LON:BLND) opened at 629.25 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 firm’s 50-day moving average price is GBX 646.51 and its 200 day moving average price is GBX 678.66. The stock’s market cap is GBX 6.48 billion.
The company also recently announced a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be given a GBX 7.30 ($0.10) dividend. This represents a yield of 1.16%. This is an increase 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 the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of GBX 666 ($8.69), for a total value 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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