British Land (LON:BLND) had its target price raised by JPMorgan Chase & Co. from GBX 605 ($7.96) to GBX 630 ($8.29) in a report published on Thursday morning, Stock Target Advisor reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
A number of other analysts also recently issued reports on BLND. Morgan Stanley raised shares of British Land to an overweight rating in a report on Thursday, November 28th. Peel Hunt reaffirmed a hold rating and set a GBX 575 ($7.56) price objective on shares of British Land in a report on Tuesday, October 1st. Liberum Capital reaffirmed a hold rating on shares of British Land in a report on Friday, December 6th. Citigroup reaffirmed a sell rating on shares of British Land in a report on Friday, November 8th. Finally, Peel Hunt reaffirmed a hold rating on shares of British Land in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. British Land has a consensus rating of Hold and an average target price of GBX 563.69 ($7.42).
Shares of LON BLND traded up GBX 4 ($0.05) during mid-day trading on Thursday, reaching GBX 588 ($7.73). 2,775,299 shares of the company were exchanged, compared to its average volume of 3,540,000. British Land has a 52 week low of GBX 465.30 ($6.12) and a 52 week high of GBX 649.40 ($8.54). The company has a quick ratio of 0.26, a current ratio of 0.31 and a debt-to-equity ratio of 44.86. The stock has a market capitalization of $5.47 billion and a PE ratio of -8.65. The company’s 50 day moving average price is GBX 606.54 and its 200 day moving average price is GBX 564.33.
The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 2nd will be issued a dividend of GBX 7.98 ($0.11) per share. This represents a dividend yield of 1.44%. The ex-dividend date is Thursday, January 2nd. British Land’s dividend payout ratio is currently -0.47%.
In other British Land news, insider Tim Score bought 4,082 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were bought at an average price of GBX 612 ($8.05) per share, for a total transaction of £24,981.84 ($32,862.19). In the last quarter, insiders purchased 4,133 shares of company stock worth $2,527,676.
About British Land
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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