British Land (BLND) Trading 0.2% Higher

Shares of British Land Company PLC (LON:BLND) traded up 0.2% during mid-day trading on Friday . The stock traded as high as GBX 638 ($8.95) and last traded at GBX 633.40 ($8.88). 3,766,189 shares changed hands during mid-day trading, a decline of 0% from the average session volume of 3,770,000 shares. The stock had previously closed at GBX 632.20 ($8.86).

Several analysts have recently weighed in on the stock. Numis Securities reiterated a “hold” rating and set a GBX 652 ($9.14) target price on shares of British Land in a research report on Friday, December 1st. Deutsche Bank lifted their target price on shares of British Land from GBX 700 ($9.81) to GBX 720 ($10.10) and gave the company a “buy” rating in a research report on Monday, January 22nd. Canaccord Genuity lifted their target price on shares of British Land from GBX 705 ($9.89) to GBX 745 ($10.45) and gave the company a “buy” rating in a research report on Friday, December 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 710 ($9.96) target price on shares of British Land in a research report on Friday, November 17th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 675 ($9.46) target price on shares of British Land in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 674.92 ($9.46).

The stock has a market cap of $6,290.00 and a price-to-earnings ratio of 1,111.23.

The company also recently declared a dividend, which will be paid on Friday, May 4th. Investors of record on Thursday, March 29th will be issued a dividend of GBX 7.52 ($0.11) per share. This represents a yield of 1.14%. The ex-dividend date of this dividend is Thursday, March 29th.

In related news, insider Tim Score bought 2,654 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was bought at an average cost of GBX 683 ($9.58) per share, with a total value of £18,126.82 ($25,416.18). Also, insider Lucinda Bell sold 60,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of GBX 622 ($8.72), for a total transaction of £373,200 ($523,275.38). Insiders have purchased a total of 2,723 shares of company stock valued at $1,857,078 over the last three months.

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British Land 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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