British Land (BLND) Stock Rating Reaffirmed by Jefferies Group

Jefferies Group reissued their underperform rating on shares of British Land (LON:BLND) in a report published on Thursday. The firm currently has a GBX 475 ($6.44) target price on the stock.

BLND has been the subject of several other reports. Liberum Capital increased their price target on British Land from GBX 665 ($9.02) to GBX 725 ($9.83) and gave the company a hold rating in a report on Monday, January 8th. Goldman Sachs Group reiterated a neutral rating and issued a GBX 611 ($8.29) price target on shares of British Land in a report on Wednesday, September 27th. Credit Suisse Group increased their price target on British Land from GBX 630 ($8.54) to GBX 710 ($9.63) and gave the company a neutral rating in a report on Wednesday, December 6th. Numis Securities reiterated a hold rating and issued a GBX 652 ($8.84) price target on shares of British Land in a report on Friday, December 1st. Finally, Societe Generale restated a hold rating and set a GBX 610 ($8.27) target price on shares of British Land in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. British Land currently has an average rating of Hold and a consensus price target of GBX 673.38 ($9.13).

Shares of British Land (BLND) traded up GBX 1 ($0.01) during midday trading on Thursday, reaching GBX 680.20 ($9.22). British Land has a 1-year low of GBX 574.60 ($7.79) and a 1-year high of GBX 695 ($9.43). The company has a market capitalization of $6,780.00 and a P/E ratio of 1,193.33.

The business also recently declared a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 4th will be given a dividend of GBX 7.52 ($0.10) per share. The ex-dividend date is Thursday, January 4th. This represents a dividend yield of 1.22%.

In other news, insider Lucinda Bell sold 60,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of GBX 622 ($8.44), for a total transaction of £373,200 ($506,102.52). Also, insider Tim Score purchased 2,654 shares of British Land stock in a transaction dated Thursday, January 11th. The shares were bought at an average cost of GBX 683 ($9.26) per share, for a total transaction of £18,126.82 ($24,582.07). Insiders have bought 2,723 shares of company stock worth $1,857,078 in the last ninety days.

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About British Land

The British Land Company PLC is a real estate company. The Company owns, manages, develops and finances a portfolio of commercial properties focused on retail locations around the United Kingdom and London offices. It creates and operates places for people to work, shop and live in. Its segments are Offices and residential, Retail and leisure, Canada Water and Other/unallocated.

Analyst Recommendations for British Land (LON:BLND)

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