British Land (LON:BLND) Stock Rating Reaffirmed by Peel Hunt

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Peel Hunt reiterated their hold rating on shares of British Land (LON:BLND) in a report published on Tuesday, ThisIsMoney.Co.Uk reports.

Several other analysts have also recently issued reports on the stock. Deutsche Bank reaffirmed a hold rating on shares of British Land in a report on Friday, July 12th. Goldman Sachs Group reaffirmed a neutral rating on shares of British Land in a report on Thursday, August 8th. Morgan Stanley cut their price target 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. Liberum Capital reissued a hold rating and set a GBX 950 ($12.41) target price on shares of British Land in a report on Wednesday, June 26th. Finally, Royal Bank of Canada reissued a sector performer rating and set a GBX 600 ($7.84) target price on shares of British Land in a report on Monday, June 24th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 590.62 ($7.72).

BLND opened at GBX 558.40 ($7.30) on Tuesday. The stock has a market capitalization of $5.20 billion and a PE ratio of -18.61. The firm’s fifty day moving average price is GBX 508.75 and its 200 day moving average price is GBX 554.68. The company has a debt-to-equity ratio of 37.44, a current ratio of 0.94 and a quick ratio of 0.70. British Land has a 12-month low of GBX 465.30 ($6.08) and a 12-month high of GBX 645 ($8.43).

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be issued a dividend of GBX 7.98 ($0.10) per share. This represents a dividend yield of 1.48%. This is a boost from British Land’s previous dividend of $7.75. The ex-dividend date of this dividend is Thursday, October 3rd. British Land’s dividend payout ratio is -1.07%.

In other British Land news, insider Tim Score bought 2,579 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were bought at an average cost of GBX 552 ($7.21) per share, with a total value of £14,236.08 ($18,601.96).

British Land Company Profile

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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Analyst Recommendations for British Land (LON:BLND)

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