JPMorgan Chase & Co. Lowers British Land (BLND) Price Target to GBX 660

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British Land (LON:BLND) had its price target decreased by JPMorgan Chase & Co. from GBX 715 ($9.34) to GBX 660 ($8.62) in a research report report published on Monday. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the company. BNP Paribas cut British Land to a neutral rating and cut their target price for the stock from GBX 700 ($9.15) to GBX 680 ($8.89) in a research note on Thursday, November 29th. Barclays cut British Land to an equal weight rating and cut their target price for the stock from GBX 730 ($9.54) to GBX 580 ($7.58) in a research note on Wednesday, November 7th. AlphaValue cut British Land to a reduce rating in a research note on Friday, December 21st. Credit Suisse Group cut their price objective on British Land from GBX 695 ($9.08) to GBX 620 ($8.10) and set an underperform rating on the stock in a research report on Monday, October 22nd. Finally, Deutsche Bank cut their price objective on British Land from GBX 770 ($10.06) to GBX 710 ($9.28) and set a buy rating on the stock in a research report on Monday, November 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 673.09 ($8.80).

LON BLND opened at GBX 567.60 ($7.42) on Monday. British Land has a 1 year low of GBX 587 ($7.67) and a 1 year high of GBX 695 ($9.08).

British Land (LON:BLND) last posted its earnings results on Wednesday, November 14th. The company reported GBX 17.20 ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 17.80 ($0.23) by GBX (0.60) (($0.01)).

The company also recently disclosed a dividend, which will be paid on Friday, February 8th. Shareholders of record on Thursday, January 3rd will be given a dividend of GBX 7.75 ($0.10) per share. The ex-dividend date is Thursday, January 3rd. This represents a yield of 1.25%.

In other news, insider William Jackson acquired 2,605 shares of the business’s stock in a transaction on Friday, January 4th. The shares were acquired at an average cost of GBX 532 ($6.95) per share, with a total value of £13,858.60 ($18,108.72). Over the last ninety days, insiders have acquired 2,683 shares of company stock worth $1,430,479.

About British Land

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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Analyst Recommendations for British Land (LON:BLND)

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