British Land (LON:BLND) Receives “Hold” Rating from Peel Hunt

Peel Hunt reissued their hold rating on shares of British Land (LON:BLND) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

Other equities analysts also recently issued research reports about the stock. Barclays lowered their price target on shares of BT Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set an equal weight rating on the stock in a report on Friday, May 10th. JPMorgan Chase & Co. set a $195.00 price target on shares of bluebird bio and gave the company a buy rating in a report on Friday, May 17th. Deutsche Bank lowered their price target on shares of Broadcom from $330.00 to $315.00 and set a buy rating on the stock in a report on Friday, June 14th. Numis Securities reaffirmed a buy rating and set a GBX 500 ($6.53) price target on shares of PureCircle in a report on Wednesday, May 15th. Finally, Royal Bank of Canada lifted their price target on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an outperform rating in a report on Monday, June 24th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 625.62 ($8.17).

Shares of LON:BLND opened at GBX 539.80 ($7.05) on Tuesday. The company has a debt-to-equity ratio of 37.44, a current ratio of 0.94 and a quick ratio of 0.70. British Land has a 1-year low of GBX 520 ($6.79) and a 1-year high of GBX 664 ($8.68). The stock has a market capitalization of $5.10 billion and a P/E ratio of -17.99. The firm’s 50 day moving average price is GBX 539.63.

The business also recently announced a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be issued a GBX 7.75 ($0.10) dividend. This represents a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 27th. British Land’s dividend payout ratio (DPR) is presently -1.03%.

In related news, insider Simon Carter bought 7,774 shares of the stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of GBX 535 ($6.99) per share, with a total value of £41,590.90 ($54,345.88). Insiders bought 7,852 shares of company stock worth $4,203,598 in the last three months.

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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