Shares of British Land Company PLC (LON:BLND) have been given an average rating of “Hold” by the fourteen ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 622 ($8.13).

A number of analysts recently weighed in on the stock. Numis Securities reissued a “buy” rating and issued a GBX 500 ($6.53) target price on shares of PureCircle in a research note on Wednesday, May 15th. Royal Bank of Canada upped their target price on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an “outperform” rating in a research note on Monday, June 24th. Peel Hunt reaffirmed a “hold” rating and set a GBX 935 ($12.22) price objective (up from GBX 920 ($12.02)) on shares of Antofagasta in a research note on Tuesday. Morgan Stanley upped their price objective on shares of TELUS from C$53.00 to C$55.00 in a research note on Thursday, March 14th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 119 ($1.55) price objective on shares of in a research note on Wednesday, June 26th.

Shares of LON:BLND traded up GBX 3 ($0.04) on Friday, hitting GBX 539.80 ($7.05). 2,731,921 shares of the company were exchanged, compared to its average volume of 3,540,000. The firm’s 50 day moving average price is GBX 539.47. British Land has a one year low of GBX 520 ($6.79) and a one year high of GBX 664 ($8.68). The company has a debt-to-equity ratio of 37.44, a current ratio of 0.94 and a quick ratio of 0.70. The stock has a market capitalization of $5.10 billion and a price-to-earnings ratio of -17.99.

The company also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be paid a dividend of GBX 7.75 ($0.10) per share. The ex-dividend date is Thursday, June 27th. This represents a yield of 1.38%. British Land’s dividend payout ratio is -1.03%.

In related news, insider Simon Carter bought 7,774 shares of British Land stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of GBX 535 ($6.99) per share, for a total transaction of £41,590.90 ($54,345.88). Insiders have acquired 7,852 shares of company stock worth $4,203,598 over the last ninety days.

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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Analyst Recommendations for British Land (LON:BLND)

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