British Land Company PLC (BLND) Receives Average Recommendation of “Hold” from Analysts
British Land Company PLC (LON:BLND) has received an average recommendation of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 682.14 ($8.91).
BLND has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on British Land from GBX 740 ($9.67) to GBX 715 ($9.34) and set a “neutral” rating for the company in a report on Thursday, September 6th. Citigroup reissued a “neutral” rating on shares of British Land in a report on Friday, September 14th. Credit Suisse Group decreased their price objective on British Land from GBX 695 ($9.08) to GBX 620 ($8.10) and set an “underperform” rating for the company in a report on Monday, October 22nd. Barclays cut British Land to an “equal weight” rating and decreased their price objective for the company from GBX 730 ($9.54) to GBX 580 ($7.58) in a report on Wednesday, November 7th. Finally, Liberum Capital reaffirmed a “hold” rating on shares of British Land in a report on Friday, October 19th.
In other British Land news, insider Timothy Andrew Roberts sold 2,348 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of GBX 624 ($8.15), for a total transaction of £14,651.52 ($19,144.81). Also, insider Lynn Gladden acquired 1,416 shares of the business’s stock in a transaction on Monday, October 8th. The shares were purchased at an average price of GBX 597 ($7.80) per share, with a total value of £8,453.52 ($11,046.02). Insiders purchased a total of 1,491 shares of company stock valued at $890,331 in the last ninety days.
British Land (LON:BLND) last issued its quarterly earnings data on Wednesday, November 14th. The company reported GBX 17.20 ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 17.80 ($0.23) by GBX (0.60) (($0.01)).
The firm also recently declared a dividend, which will be paid on Friday, February 8th. Investors of record on Thursday, January 3rd will be issued a GBX 7.75 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a yield of 1.25%.
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 £18.1 billion (British Land share: £13.5 billion) as at 30 September 2017 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.
See Also: Fiduciary
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