Peel Hunt reiterated their hold rating on shares of British Land (LON:BLND) in a report issued on Wednesday morning, Stock Target Advisor reports.
Several other analysts also recently weighed in on BLND. UBS Group reaffirmed a buy rating on shares of British Land in a research note on Tuesday, November 5th. Morgan Stanley cut their price objective on shares of British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an equal weight rating on the stock in a report on Monday, September 2nd. Goldman Sachs Group lifted their price objective on shares of British Land from GBX 526 ($6.87) to GBX 529 ($6.91) and gave the company a neutral rating in a report on Tuesday, November 5th. Deutsche Bank reissued a hold rating on shares of British Land in a report on Thursday, September 19th. Finally, Liberum Capital reissued a hold rating and set a GBX 585 ($7.64) price objective on shares of British Land in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 570.36 ($7.45).
Shares of British Land stock traded up GBX 2.20 ($0.03) on Wednesday, hitting GBX 556 ($7.27). 9,078,083 shares of the company traded hands, compared to its average volume of 3,540,000. The stock’s 50 day moving average price is GBX 592.21 and its 200-day moving average price is GBX 551.93. The company has a current ratio of 0.31, a quick ratio of 0.26 and a debt-to-equity ratio of 44.86. British Land has a 52 week low of GBX 465.30 ($6.08) and a 52 week high of GBX 649.40 ($8.49). The company has a market cap of $5.14 billion and a PE ratio of -8.18.
The company also recently declared a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 2nd will be issued a GBX 7.98 ($0.10) dividend. This represents a yield of 1.44%. The ex-dividend date of this dividend is Thursday, January 2nd. British Land’s dividend payout ratio is currently -0.47%.
In other news, insider William Jackson purchased 1,995 shares of the business’s stock in a transaction on Monday, October 7th. The shares were acquired at an average cost of GBX 562 ($7.34) per share, with a total value of £11,211.90 ($14,650.33). Insiders acquired 2,046 shares of company stock worth $1,150,557 over the last ninety days.
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.
Read More: Are FAANG stocks a good investment?
Receive News & Ratings for British Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British Land and related companies with MarketBeat.com's FREE daily email newsletter.