Brokerages Set British Land Company Plc (BLND) Price Target at $666.71

British Land Company Plc (LON:BLND) has been given an average rating of “Hold” by the fourteen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 666.71 ($8.97).

A number of brokerages recently issued reports on BLND. Credit Suisse Group boosted their target price on shares of British Land from GBX 630 ($8.48) to GBX 710 ($9.56) and gave the stock a “neutral” rating in a research report on Wednesday. Deutsche Bank boosted their target price on shares of British Land from GBX 650 ($8.75) to GBX 700 ($9.42) and gave the stock a “buy” rating in a research report on Friday, December 1st. Numis Securities reaffirmed a “hold” rating and set a GBX 652 ($8.78) target price on shares of British Land in a research report on Friday, December 1st. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 710 ($9.56) target price on shares of British Land in a research report on Friday, November 17th. Finally, Societe Generale reaffirmed a “hold” rating and set a GBX 610 ($8.21) target price on shares of British Land in a research report on Friday, November 17th.

In other British Land news, insider William Jackson purchased 1,098 shares of the firm’s stock in a transaction on Friday, October 6th. The shares were purchased at an average price of GBX 598 ($8.05) per share, for a total transaction of £6,566.04 ($8,837.20). Also, insider Lucinda Bell sold 60,000 shares of British Land stock in a transaction on Monday, November 20th. The stock was sold at an average price of GBX 622 ($8.37), for a total transaction of £373,200 ($502,288.02). Insiders have acquired 1,172 shares of company stock worth $701,246 in the last quarter.

British Land (LON:BLND) traded up GBX 12.50 ($0.17) during trading hours on Thursday, hitting GBX 655 ($8.82). 5,260,000 shares of the stock were exchanged, compared to its average volume of 4,880,000. British Land has a 12 month low of GBX 574.60 ($7.73) and a 12 month high of GBX 675.50 ($9.09).

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

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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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