British Land’s (BLND) Overweight Rating Reaffirmed at Barclays

Barclays reiterated their overweight rating on shares of British Land (LON:BLND) in a report issued on Thursday morning. They currently have a GBX 700 ($9.67) target price on the stock.

BLND has been the subject of a number of other research reports. Liberum Capital boosted their price objective on shares of British Land from GBX 665 ($9.19) to GBX 725 ($10.02) and gave the stock a hold rating in a research note on Monday, January 8th. Credit Suisse Group boosted their price objective on shares of British Land from GBX 630 ($8.70) to GBX 710 ($9.81) and gave the stock a neutral rating in a research note on Wednesday, December 6th. Numis Securities reissued a hold rating and issued a GBX 652 ($9.01) price objective on shares of British Land in a research note on Friday, December 1st. Societe Generale reissued a hold rating and issued a GBX 610 ($8.43) price objective on shares of British Land in a research note on Friday, November 17th. Finally, Canaccord Genuity boosted their price objective on shares of British Land from GBX 705 ($9.74) to GBX 745 ($10.29) and gave the stock a buy rating in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 676.71 ($9.35).

British Land (LON BLND) traded up GBX 9 ($0.12) during trading on Thursday, hitting GBX 646.80 ($8.94). 1,650,000 shares of the stock traded hands, compared to its average volume of 3,660,000. The company has a market capitalization of $6,360.00 and a P/E ratio of 1,134.74. British Land has a 1 year low of GBX 587 ($8.11) and a 1 year high of GBX 695 ($9.60).

The firm also recently declared a dividend, which will be paid on Friday, May 4th. Stockholders of record on Thursday, March 29th will be given a dividend of GBX 7.52 ($0.10) per share. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, March 29th.

In other British Land news, insider Tim Score purchased 2,654 shares of British Land stock in a transaction dated Thursday, January 11th. The shares were acquired at an average cost of GBX 683 ($9.44) per share, with a total value of £18,126.82 ($25,043.96). Over the last ninety days, insiders have bought 2,698 shares of company stock worth $1,842,228.

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About British Land

The British Land Company PLC is a real estate company. The Company owns, manages, develops and finances a portfolio of commercial properties focused on retail locations around the United Kingdom and London offices. It creates and operates places for people to work, shop and live in. Its segments are Offices and residential, Retail and leisure, Canada Water and Other/unallocated.

Analyst Recommendations for British Land (LON:BLND)

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