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British Land Company PLC (LON:BLND) Receives GBX 404 Consensus Target Price from Brokerages

British Land logo with Real Estate background

Shares of British Land Company PLC (LON:BLND - Get Free Report) have been assigned a consensus rating of "Hold" from the six analysts that are currently covering the stock, Marketbeat reports. One investment 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 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 404 ($5.13).

A number of analysts have recently weighed in on the stock. Berenberg Bank raised their price target on shares of British Land from GBX 469 ($5.96) to GBX 500 ($6.35) and gave the company a "buy" rating in a report on Friday, June 7th. JPMorgan Chase & Co. lifted their target price on shares of British Land from GBX 418 ($5.31) to GBX 460 ($5.84) and gave the stock a "neutral" rating in a research note on Thursday, May 23rd. Shore Capital reiterated a "buy" rating on shares of British Land in a research note on Monday, May 20th. Finally, Barclays cut shares of British Land to an "equal weight" rating and lowered their target price for the stock from GBX 432 ($5.49) to GBX 405 ($5.15) in a research note on Friday, May 3rd.

View Our Latest Report on British Land

Insider Activity

In other news, insider Bhavesh Mistry sold 13,286 shares of the business's stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of GBX 419 ($5.32), for a total transaction of £55,668.34 ($70,734.87). In the last quarter, insiders have bought 112 shares of company stock valued at $45,053. 0.19% of the stock is currently owned by insiders.

British Land Trading Down 0.9 %

BLND stock traded down GBX 3.60 ($0.05) during trading on Friday, hitting GBX 413 ($5.25). The company had a trading volume of 4,716,149 shares, compared to its average volume of 3,215,460. The company has a quick ratio of 0.25, a current ratio of 0.59 and a debt-to-equity ratio of 44.97. The firm has a market capitalization of £3.83 billion, a P/E ratio of -347.06, a PEG ratio of 6.76 and a beta of 1.53. The company has a 50 day simple moving average of GBX 409.21 and a 200-day simple moving average of GBX 391.60. British Land has a 52-week low of GBX 287.30 ($3.65) and a 52-week high of GBX 446.80 ($5.68).

British Land Cuts Dividend

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

British Land Company Profile

(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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