British Land Company PLC (LON:BLND)’s share price was up 0.7% during trading on Wednesday . The company traded as high as GBX 606.50 ($7.97) and last traded at GBX 605 ($7.95). Approximately 2,306,346 shares were traded during trading, a decline of 35% from the average daily volume of 3,565,510 shares. The stock had previously closed at GBX 601 ($7.90).
A number of equities analysts have commented on BLND shares. Deutsche Bank AG upgraded British Land Company PLC to a “buy” rating and raised their price objective for the stock from GBX 590 ($7.76) to GBX 660 ($8.68) in a research note on Monday, September 11th. Liberum Capital raised their price objective on British Land Company PLC from GBX 650 ($8.55) to GBX 665 ($8.74) and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Credit Suisse Group restated a “neutral” rating on shares of British Land Company PLC in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 611 ($8.03) price objective on shares of British Land Company PLC in a research note on Wednesday, September 27th. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 679 ($8.93) price objective on shares of British Land Company PLC in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 665.73 ($8.75).
The company’s market cap is GBX 6.23 billion. The company has a 50-day moving average price of GBX 602.45 and a 200-day moving average price of GBX 622.17.
The business also recently announced a dividend, which will be paid on Friday, November 10th. Shareholders of record on Thursday, October 5th will be given a dividend of GBX 7.52 ($0.10) per share. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 1.21%. This is an increase from British Land Company PLC’s previous dividend of $7.30.
In related news, insider William Jackson bought 1,098 shares of the company’s stock in a transaction on Friday, October 6th. The shares were purchased at an average price of GBX 598 ($7.86) per share, for a total transaction of £6,566.04 ($8,632.71). In the last 90 days, insiders have acquired 1,172 shares of company stock worth $701,596.
British Land Company PLC Company Profile
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.
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