British Land (LON:BLND) Rating Reiterated by Numis Securities

Numis Securities reiterated their hold rating on shares of British Land (LON:BLND) in a research note released on Friday, December 1st. They currently have a GBX 652 ($8.78) target price on the stock.

A number of other research analysts have also recently commented on the company. Liberum Capital reaffirmed a hold rating and set a GBX 665 ($8.95) price objective on shares of British Land in a research report on Friday, August 18th. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 710 ($9.56) price objective on shares of British Land in a research report on Friday, November 17th. Societe Generale reaffirmed a hold rating and set a GBX 610 ($8.21) price objective on shares of British Land in a research report on Friday, November 17th. HSBC reissued a hold rating and issued a GBX 678 ($9.13) target price on shares of British Land in a report on Friday, November 17th. Finally, Jefferies Group reissued an underperform rating and issued a GBX 500 ($6.73) target price on shares of British Land in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 666.71 ($8.97).

Shares of British Land (LON BLND) traded down GBX 6 ($0.08) during trading on Friday, hitting GBX 649 ($8.73). The stock had a trading volume of 4,736,649 shares, compared to its average volume of 4,880,000. British Land has a fifty-two week low of GBX 574.60 ($7.73) and a fifty-two week high of GBX 675.50 ($9.09).

The business also recently announced a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, January 4th will be issued a GBX 7.52 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a yield of 1.22%.

In other news, insider Lucinda Bell sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of GBX 622 ($8.37), for a total transaction of £373,200 ($502,288.02). Also, insider William Jackson acquired 1,098 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were acquired at an average cost of GBX 598 ($8.05) per share, with a total value of £6,566.04 ($8,837.20). Over the last ninety days, insiders acquired 1,172 shares of company stock valued at $701,246.

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British Land Company Profile

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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