British Land (OTCMKTS:BTLCY) Given “Buy” Rating at UBS Group

UBS Group reaffirmed their buy rating on shares of British Land (OTCMKTS:BTLCY) in a research note published on Thursday morning, The Fly reports.

Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of British Land from a hold rating to a sell rating in a research report on Tuesday, June 22nd. BNP Paribas downgraded shares of British Land from an outperform rating to a neutral rating in a report on Thursday, May 6th. JPMorgan Chase & Co. raised shares of British Land from a neutral rating to an overweight rating in a report on Tuesday, June 22nd. Jefferies Financial Group downgraded shares of British Land from a buy rating to a hold rating in a report on Tuesday, July 6th. Finally, Morgan Stanley reiterated an underweight rating on shares of British Land in a research note on Thursday, May 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. British Land presently has an average rating of Hold and an average target price of $8.00.

Shares of BTLCY stock traded up $0.32 during trading hours on Thursday, hitting $7.01. 31,947 shares of the company were exchanged, compared to its average volume of 44,578. British Land has a fifty-two week low of $4.10 and a fifty-two week high of $7.67. The company’s 50 day simple moving average is $7.15.

The firm also recently announced a dividend, which will be paid on Monday, August 16th. Stockholders of record on Friday, June 25th will be paid a dividend of $0.2118 per share. This represents a dividend yield of 2.99%. The ex-dividend date is Thursday, June 24th.

British Land Company Profile

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.

Read More: Environmental, Social, and Governance (ESG) Investing

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Analyst Recommendations for British Land (OTCMKTS:BTLCY)

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