Shares of British Land Company PLC (LON:BLND – Get Free Report) have been given a consensus recommendation of “Hold” by the six analysts that are currently 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 issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 404 ($5.12).
A number of analysts have recently issued reports on BLND shares. JPMorgan Chase & Co. lifted their price target on British Land from GBX 418 ($5.30) to GBX 460 ($5.84) and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Shore Capital reissued a “buy” rating on shares of British Land in a research note on Monday, May 20th. Barclays cut shares of British Land to an “equal weight” rating and lowered their price target for the company from GBX 432 ($5.48) to GBX 405 ($5.14) in a research report on Friday, May 3rd. Finally, Berenberg Bank lifted their target price on shares of British Land from GBX 469 ($5.95) to GBX 500 ($6.34) and gave the stock a “buy” rating in a research note on Friday, June 7th.
Insider Buying and Selling
British Land Price Performance
LON:BLND opened at GBX 405.20 ($5.14) on Friday. British Land has a 1-year low of GBX 287.30 ($3.64) and a 1-year high of GBX 446.80 ($5.67). The company has a debt-to-equity ratio of 44.97, a current ratio of 0.59 and a quick ratio of 0.25. The company has a 50 day moving average price of GBX 410.58 and a 200-day moving average price of GBX 392.20. The firm has a market cap of £3.76 billion, a price-to-earnings ratio of -340.50, a price-to-earnings-growth ratio of 6.76 and a beta of 1.53.
British Land Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 20th will be paid a GBX 10.64 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a yield of 2.7%. British Land’s dividend payout ratio is currently -1,932.77%.
About British Land
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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