Deutsche Bank Reaffirms “Hold” Rating for British Land (LON:BLND)

Deutsche Bank restated their hold rating on shares of British Land (LON:BLND) in a research note published on Thursday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley dropped their price objective on 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. Peel Hunt restated a hold rating on shares of British Land in a report on Tuesday, September 17th. Goldman Sachs Group restated a neutral rating on shares of British Land in a report on Thursday, August 8th. Liberum Capital restated a hold rating and set a GBX 585 ($7.64) price objective on shares of British Land in a report on Wednesday. Finally, Royal Bank of Canada restated a sector performer rating and set a GBX 600 ($7.84) price objective 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 given a hold rating and one has given a buy rating to the stock. British Land presently has an average rating of Hold and a consensus price target of GBX 590.62 ($7.72).

BLND stock opened at GBX 565 ($7.38) on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 37.44. British Land has a 52-week low of GBX 465.30 ($6.08) and a 52-week high of GBX 645 ($8.43). The stock’s 50 day moving average is GBX 509.34 and its two-hundred day moving average is GBX 554.60. The company has a market capitalization of $5.26 billion and a PE ratio of -18.83.

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

In other news, insider Tim Score sold 2,973 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of GBX 560 ($7.32), for a total value of £16,648.80 ($21,754.61).

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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