British Land (LON:BLND) Earns Hold Rating from Liberum Capital

Liberum Capital reaffirmed their hold rating on shares of British Land (LON:BLND) in a research report sent to investors on Wednesday, Digital Look reports. The brokerage currently has a GBX 585 ($7.64) price objective on the stock.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank reissued a hold rating on shares of British Land in a report on Friday, July 12th. Morgan Stanley decreased their price objective on shares of 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 reissued a hold rating on shares of British Land in a report on Tuesday. Royal Bank of Canada reissued 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. Finally, Goldman Sachs Group reissued a neutral rating on shares of British Land in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 590.62 ($7.72).

Shares of LON:BLND opened at GBX 565 ($7.38) on Wednesday. British Land has a 12 month low of GBX 465.30 ($6.08) and a 12 month high of GBX 645 ($8.43). The company’s 50-day moving average price is GBX 509.34 and its two-hundred day moving average price is GBX 554.60. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 37.44. The firm has a market cap of $5.26 billion and a P/E ratio of -18.83.

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

In other British Land news, insider Tim Score bought 2,579 shares of British Land stock in a transaction dated Tuesday, July 16th. The shares were bought at an average price of GBX 552 ($7.21) per share, with a total value of £14,236.08 ($18,601.96).

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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Analyst Recommendations for British Land (LON:BLND)

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