Liberum Capital restated their hold rating on shares of British Land (LON:BLND) in a report published on Wednesday morning, Digital Look reports. Liberum Capital currently has a GBX 585 ($7.64) price target on the stock.
Several other equities analysts have also recently weighed in on BLND. Deutsche Bank reaffirmed a hold rating on shares of British Land in a research note on Friday, July 12th. Peel Hunt reaffirmed a hold rating on shares of British Land in a research note on Tuesday. Royal Bank of Canada reaffirmed a sector performer rating and set a GBX 600 ($7.84) price target on shares of British Land in a research note on Monday, June 24th. Morgan Stanley decreased their price target on shares of British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an equal weight rating for the company in a research note on Monday, September 2nd. Finally, Goldman Sachs Group reaffirmed a neutral rating on shares of British Land in a research note on Thursday, August 8th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 590.62 ($7.72).
Shares of BLND opened at GBX 565 ($7.38) on Wednesday. The stock has a market capitalization of $5.26 billion and a P/E ratio of -18.83. British Land has a twelve month low of GBX 465.30 ($6.08) and a twelve month high of GBX 645 ($8.43). The company has a 50 day moving average of GBX 509.34 and a 200-day moving average of GBX 554.60. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 37.44.
The company also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be paid a GBX 7.98 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This is a boost from British Land’s previous dividend of $7.75. This represents a dividend yield of 1.48%. British Land’s dividend payout ratio (DPR) is currently -1.07%.
In related news, insider Tim Score sold 2,973 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of GBX 560 ($7.32), for a total value of £16,648.80 ($21,754.61).
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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