Shares of British Land Company PLC (LON:BLND – Get Free Report) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 404 ($5.16).
A number of equities research analysts have commented on BLND shares. Barclays cut British Land to an “equal weight” rating and decreased their price target for the company from GBX 432 ($5.52) to GBX 405 ($5.17) in a report on Friday, May 3rd. Shore Capital reiterated a “buy” rating on shares of British Land in a report on Wednesday, July 3rd. Citigroup reaffirmed a “neutral” rating on shares of British Land in a report on Thursday, July 25th. Berenberg Bank boosted their target price on shares of British Land from GBX 469 ($5.99) to GBX 500 ($6.38) and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of British Land in a research report on Wednesday, July 3rd.
Check Out Our Latest Analysis on British Land
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British Land Price Performance
Shares of British Land stock opened at GBX 402.40 ($5.14) on Friday. British Land has a one year low of GBX 287.30 ($3.67) and a one year high of GBX 446.80 ($5.70). The stock’s fifty day moving average is GBX 410.03 and its 200 day moving average is GBX 394.98. The stock has a market cap of £3.73 billion, a P/E ratio of -338.15, a P/E/G ratio of 6.76 and a beta of 1.53. The company has a debt-to-equity ratio of 44.97, a quick ratio of 0.25 and a current ratio of 0.59.
British Land Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, July 26th. Shareholders of record on Thursday, June 20th were given a dividend of GBX 10.64 ($0.14) per share. This represents a yield of 2.7%. The ex-dividend date was Thursday, June 20th. British Land’s dividend payout ratio is presently -1,932.77%.
British Land Company Profile
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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