British Land (LON:BLND) had its price target reduced by Jefferies Financial Group from GBX 424 ($5.54) to GBX 399 ($5.21) in a research note published on Thursday, ThisIsMoney.Co.Uk reports. They currently have an underperform rating on the stock.
BLND has been the topic of several other research reports. Morgan Stanley lowered their target price on shares of British Land from GBX 600 ($7.84) to GBX 530 ($6.93) and set an equal weight rating on the stock in a report on Monday, September 2nd. Deutsche Bank reaffirmed a hold rating on shares of British Land in a report on Thursday. UBS Group reaffirmed a buy rating on shares of British Land in a report on Thursday. Goldman Sachs Group lifted their target price on shares of British Land from GBX 526 ($6.87) to GBX 529 ($6.91) and gave the company a neutral rating in a report on Tuesday, November 5th. Finally, Liberum Capital reaffirmed a hold rating and issued a GBX 585 ($7.64) target price on shares of British Land in a report on Wednesday. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 570.36 ($7.45).
LON BLND traded up GBX 2.20 ($0.03) during trading on Thursday, reaching GBX 556 ($7.27). The company’s stock had a trading volume of 9,078,083 shares, compared to its average volume of 3,540,000. The firm has a market cap of $5.14 billion and a price-to-earnings ratio of -8.18. The business’s fifty day moving average price is GBX 592.21 and its 200-day moving average price is GBX 551.93. The company has a debt-to-equity ratio of 44.86, a quick ratio of 0.26 and a current ratio of 0.31. British Land has a twelve month low of GBX 465.30 ($6.08) and a twelve month high of GBX 649.40 ($8.49).
The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 2nd will be issued a dividend of GBX 7.98 ($0.10) per share. This represents a yield of 1.44%. The ex-dividend date is Thursday, January 2nd. British Land’s dividend payout ratio is currently -0.47%.
In related news, insider William Jackson acquired 1,995 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were purchased at an average price of GBX 562 ($7.34) per share, with a total value of £11,211.90 ($14,650.33). In the last three months, insiders have purchased 2,046 shares of company stock worth $1,150,557.
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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