Liberum Capital Reaffirms Hold Rating for British Land (BLND)

Liberum Capital reiterated their hold rating on shares of British Land (LON:BLND) in a research note issued to investors on Friday morning.

Several other equities research analysts also recently commented on BLND. Credit Suisse Group reduced their price target on shares of British Land from GBX 695 ($9.08) to GBX 620 ($8.10) and set an underperform rating for the company in a research report on Monday, October 22nd. Barclays downgraded shares of British Land to an equal weight rating and reduced their price target for the company from GBX 730 ($9.54) to GBX 580 ($7.58) in a research report on Wednesday, November 7th. Peel Hunt restated a hold rating on shares of British Land in a research report on Wednesday, November 14th. Deutsche Bank reduced their price target on shares of British Land from GBX 770 ($10.06) to GBX 710 ($9.28) and set a buy rating for the company in a research report on Monday, November 26th. Finally, BNP Paribas downgraded shares of British Land to a neutral rating and reduced their price target for the company from GBX 700 ($9.15) to GBX 680 ($8.89) in a research report on Thursday, November 29th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. British Land presently has a consensus rating of Hold and a consensus target price of GBX 644.23 ($8.42).

Shares of LON:BLND opened at GBX 582.60 ($7.61) on Friday. British Land has a 52 week low of GBX 587 ($7.67) and a 52 week high of GBX 695 ($9.08).

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

The business also recently disclosed a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 28th will be paid a GBX 7.75 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a yield of 1.38%.

In related news, insider William Jackson acquired 2,605 shares of the company’s stock in a transaction on Friday, January 4th. The shares were purchased at an average price of GBX 532 ($6.95) per share, for a total transaction of £13,858.60 ($18,108.72). In the last quarter, insiders acquired 2,683 shares of company stock worth $1,430,479.

British Land Company Profile

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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