British Land (BLND) Downgraded by BNP Paribas to Neutral

BNP Paribas downgraded shares of British Land (LON:BLND) to a neutral rating in a report released on Thursday morning. They currently have GBX 680 ($8.89) price objective on the stock, down from their previous price objective of GBX 700 ($9.15).

Several other research firms also recently commented on BLND. Citigroup reiterated a neutral rating on shares of British Land in a research report on Friday, September 14th. Deutsche Bank reduced their price target on shares of British Land from GBX 770 ($10.06) to GBX 710 ($9.28) and set a buy rating for the company in a research report on Monday, November 26th. Credit Suisse Group reduced their price target on shares of British Land from GBX 695 ($9.08) to GBX 620 ($8.10) and set an underperform rating for the company in a research report on Monday, October 22nd. Liberum Capital reiterated a hold rating on shares of British Land in a research report on Friday, October 19th. Finally, Peel Hunt reiterated a hold rating on shares of British Land in a research report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 692.23 ($9.05).

Shares of LON:BLND opened at GBX 564.60 ($7.38) on Thursday. British Land has a twelve month low of GBX 587 ($7.67) and a twelve month high of GBX 695 ($9.08).

British Land (LON:BLND) last issued its quarterly earnings data on Wednesday, November 14th. The company reported GBX 17.20 ($0.22) earnings per share for the quarter, missing the consensus estimate of GBX 17.80 ($0.23) by GBX (0.60) (($0.01)).

The firm also recently declared a dividend, which will be paid on Friday, February 8th. Investors of record on Thursday, January 3rd will be given a GBX 7.75 ($0.10) dividend. The ex-dividend date is Thursday, January 3rd. This represents a yield of 1.25%.

In other news, insider Lynn Gladden acquired 1,416 shares of the company’s stock in a transaction on Monday, October 8th. The shares were bought at an average cost of GBX 597 ($7.80) per share, with a total value of £8,453.52 ($11,046.02). Also, insider Timothy Andrew Roberts sold 2,348 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of GBX 624 ($8.15), for a total transaction of £14,651.52 ($19,144.81). Insiders acquired a total of 1,491 shares of company stock worth $890,331 over the last three months.

About British Land

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 £18.1 billion (British Land share: £13.5 billion) as at 30 September 2017 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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