British Land Company PLC (LON:BLND) Receives GBX 397.80 Consensus Target Price from Analysts

British Land Company PLC (LON:BLNDGet Free Report) has been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 397.80 ($5.08).

A number of brokerages have recently issued reports on BLND. Barclays cut shares of British Land to an “equal weight” rating and reduced their target price for the company from GBX 432 ($5.52) to GBX 405 ($5.17) in a research report on Friday, May 3rd. Shore Capital reissued a “buy” rating on shares of British Land in a research report on Monday, May 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of British Land from GBX 418 ($5.34) to GBX 460 ($5.87) and gave the company a “neutral” rating in a research report on Thursday, May 23rd.

Read Our Latest Analysis on British Land

Insider Activity at British Land

In other news, insider Bhavesh Mistry sold 13,286 shares of British Land stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of GBX 419 ($5.35), for a total transaction of £55,668.34 ($71,096.22). Insiders have acquired 117 shares of company stock valued at $44,988 over the last ninety days. 0.19% of the stock is owned by corporate insiders.

British Land Stock Up 1.4 %

British Land stock opened at GBX 437.80 ($5.59) on Tuesday. British Land has a fifty-two week low of GBX 287.30 ($3.67) and a fifty-two week high of GBX 441 ($5.63). The firm has a market capitalization of £4.06 billion, a PE ratio of -367.90, a P/E/G ratio of 6.76 and a beta of 1.53. The company’s 50-day moving average is GBX 396.77 and its 200-day moving average is GBX 383.88. The company has a debt-to-equity ratio of 44.97, a current ratio of 0.59 and a quick ratio of 0.25.

British Land Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, June 20th will be paid a GBX 10.64 ($0.14) dividend. This represents a yield of 2.7%. The ex-dividend date is Thursday, June 20th. British Land’s dividend payout ratio (DPR) is presently -1,932.77%.

About British Land

(Get Free Report

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.

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Analyst Recommendations for British Land (LON:BLND)

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