Goldman Sachs Group, Inc. (The) Reaffirms “Neutral” Rating for British Land Company PLC (BLND)

British Land Company PLC (LON:BLND)‘s stock had its “neutral” rating reissued by stock analysts at Goldman Sachs Group, Inc. (The) in a report issued on Thursday, June 15th. They presently have a GBX 611 ($7.78) target price on the stock. Goldman Sachs Group, Inc. (The)’s price objective would indicate a potential downside of 1.29% from the stock’s current price.

BLND has been the topic of several other research reports. Peel Hunt reissued a “hold” rating and set a GBX 675 ($8.60) price objective on shares of British Land Company PLC in a research note on Wednesday, May 17th. Liberum Capital reiterated a “hold” rating and issued a GBX 530 ($6.75) price target on shares of British Land Company PLC in a research report on Wednesday, May 17th. Jefferies Group LLC restated an “underperform” rating and set a GBX 500 ($6.37) target price on shares of British Land Company PLC in a research report on Wednesday, April 26th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 750 ($9.56) target price on shares of British Land Company PLC in a research report on Thursday, May 18th. Finally, BNP Paribas upgraded shares of British Land Company PLC to an “outperform” rating and increased their price objective for the company from GBX 700 ($8.92) to GBX 730 ($9.30) in a research report on Thursday, April 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 658.43 ($8.39).

Analyst Recommendations for British Land Company PLC (LON:BLND)

British Land Company PLC (LON BLND) traded up 0.40% during mid-day trading on Thursday, hitting GBX 621.50. The stock had a trading volume of 2,694,997 shares. The stock’s 50-day moving average is GBX 643.93 and its 200 day moving average is GBX 625.03. The company’s market capitalization is GBX 6.40 billion. British Land Company PLC has a 52 week low of GBX 499.96 and a 52 week high of GBX 773.35.

The firm also recently declared a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, June 29th will be paid a GBX 7.30 ($0.09) dividend. This represents a yield of 1.08%. The ex-dividend date is Thursday, June 29th.

WARNING: This report was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://sportsperspectives.com/2017/06/23/british-land-company-plcs-blnd-neutral-rating-reaffirmed-at-goldman-sachs-group-inc-the-updated.html.

In other news, insider Lucinda Bell purchased 6,845 shares of the stock in a transaction dated Friday, May 26th. The stock was acquired at an average cost of GBX 633 ($8.06) per share, for a total transaction of £43,328.85 ($55,203.02). Also, insider Nick Macpherson purchased 2,300 shares of British Land Company PLC stock in a transaction on Friday, May 19th. The shares were acquired at an average price of GBX 638 ($8.13) per share, with a total value of £14,674 ($18,695.38). Over the last three months, insiders acquired 12,212 shares of company stock worth $7,647,160.

About British Land Company PLC

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.

Receive News & Ratings for British Land Company PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British Land Company PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply