British Land Company Plc (OTCMKTS:BTLCY) Receives Consensus Recommendation of “Hold” from Analysts

British Land Company Plc (OTCMKTS:BTLCYGet Rating) has been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $463.33.

Several equities analysts have recently commented on the company. Panmure Gordon upgraded British Land from a “hold” rating to a “buy” rating in a research note on Wednesday, November 23rd. AlphaValue lowered shares of British Land to a “reduce” rating in a research note on Friday, October 14th. Royal Bank of Canada boosted their target price on shares of British Land from GBX 330 ($4.08) to GBX 345 ($4.26) in a research note on Tuesday, November 29th. JPMorgan Chase & Co. reduced their price target on shares of British Land from GBX 530 ($6.55) to GBX 505 ($6.24) in a research note on Friday, December 9th. Finally, Liberum Capital lowered shares of British Land from a “buy” rating to a “hold” rating in a research note on Friday, November 4th.

British Land Trading Down 1.4 %

British Land stock opened at $5.74 on Friday. The stock has a 50 day moving average of $5.18 and a 200-day moving average of $4.92. British Land has a 52 week low of $3.54 and a 52 week high of $7.71.

British Land Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 17th. Investors of record on Monday, November 28th were given a $0.0968 dividend. The ex-dividend date was Friday, November 25th. This represents a dividend yield of 3.95%.

About British Land

(Get Rating)

The British Land Co Plc is a real estate investment trust, which engages in the ownership, management, financing and development of commercial properties. It operates through the following business segments: Offices, Retail, Canada Water, and Other or unallocated. The Canada water segment comprises of office, retail, residential, leisure, and public spaces to create new urban center for London.

Further Reading

Analyst Recommendations for British Land (OTCMKTS:BTLCY)

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