Shares of British Land Company Plc (LON:BLND) have been assigned an average rating of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 666.71 ($8.97).
BLND has been the subject of several recent analyst reports. downgraded shares of British Land to a “hold” rating and reduced their price objective for the stock from GBX 738 ($9.93) to GBX 678 ($9.13) in a research report on Monday, August 21st. HSBC reaffirmed a “hold” rating and set a GBX 678 ($9.13) price objective on shares of British Land in a research report on Friday, November 17th. Deutsche Bank raised their price objective on shares of British Land from GBX 650 ($8.75) to GBX 700 ($9.42) and gave the stock a “buy” rating in a research report on Friday, December 1st. Jefferies Group reaffirmed an “underperform” rating and set a GBX 500 ($6.73) price objective on shares of British Land in a research report on Friday, November 17th. Finally, Credit Suisse Group raised their price objective on shares of British Land from GBX 630 ($8.48) to GBX 710 ($9.56) and gave the stock a “neutral” rating in a research report on Wednesday.
In related news, insider William Jackson bought 1,098 shares of British Land stock in a transaction on Friday, October 6th. The stock was acquired at an average price of GBX 598 ($8.05) per share, with a total value of £6,566.04 ($8,837.20). Also, insider Lucinda Bell sold 60,000 shares of British Land stock in a transaction dated Monday, November 20th. The shares were sold at an average price of GBX 622 ($8.37), for a total value of £373,200 ($502,288.02). Insiders have bought a total of 1,172 shares of company stock worth $701,246 over the last quarter.
The firm also recently announced a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 4th will be paid a dividend of GBX 7.52 ($0.10) per share. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, January 4th.
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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.
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