British Land Company PLC (LON:BLND) Given Consensus Recommendation of “Hold” by Brokerages

British Land Company PLC (LON:BLND) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 404 ($5.12).

Several research analysts recently weighed in on the company. Berenberg Bank increased their price objective on British Land from GBX 469 ($5.95) to GBX 500 ($6.34) and gave the stock a “buy” rating in a research report on Friday, June 7th. Barclays downgraded British Land to an “equal weight” rating and cut their price objective for the stock from GBX 432 ($5.48) to GBX 405 ($5.14) in a research report on Friday, May 3rd. JPMorgan Chase & Co. upped their target price on shares of British Land from GBX 418 ($5.30) to GBX 460 ($5.84) and gave the company a “neutral” rating in a research report on Thursday, May 23rd. Finally, Shore Capital reiterated a “buy” rating on shares of British Land in a research report on Monday, May 20th.

British Land Stock Performance

British Land stock opened at GBX 411.60 ($5.22) on Friday. The firm has a 50 day simple moving average of GBX 412.52 and a 200-day simple moving average of GBX 392.57. The stock has a market cap of £3.82 billion, a price-to-earnings ratio of -345.88, a price-to-earnings-growth ratio of 6.76 and a beta of 1.53. The company has a debt-to-equity ratio of 44.97, a current ratio of 0.59 and a quick ratio of 0.25. British Land has a 1-year low of GBX 287.30 ($3.64) and a 1-year high of GBX 446.80 ($5.67).

British Land Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 20th will be given a GBX 10.64 ($0.13) dividend. This represents a yield of 2.7%. The ex-dividend date of this dividend is Thursday, June 20th. British Land’s dividend payout ratio is currently -1,932.77%.

Insider Transactions at British Land

In other British Land news, insider Bhavesh Mistry sold 13,286 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of GBX 419 ($5.32), for a total transaction of £55,668.34 ($70,618.22). Over the last quarter, insiders have acquired 112 shares of company stock valued at $45,053. 0.19% of the stock is currently owned by corporate insiders.

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.