Peel Hunt restated their hold rating on shares of British Land (LON:BLND) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts also recently weighed in on the company. Liberum Capital reiterated a buy rating and issued a GBX 119 ($1.55) target price on shares of in a report on Wednesday, June 26th. Royal Bank of Canada lifted their target price on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an outperform rating in a report on Monday, June 24th. Barclays lowered their target price on BT Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set an equal weight rating for the company in a report on Friday, May 10th. Goldman Sachs Group upgraded to a buy rating and set a GBX 1,180 ($15.42) target price for the company in a report on Tuesday, June 4th. Finally, Morgan Stanley lifted their target price on TELUS from C$53.00 to C$55.00 in a report on Thursday, March 14th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. British Land currently has a consensus rating of Hold and an average target price of GBX 625.62 ($8.17).

Shares of BLND stock opened at GBX 536.70 ($7.01) on Tuesday. The company has a market capitalization of $5.07 billion and a P/E ratio of -17.89. The business has a 50 day simple moving average of GBX 539.47. The company has a debt-to-equity ratio of 37.44, a quick ratio of 0.70 and a current ratio of 0.94. British Land has a fifty-two week low of GBX 520 ($6.79) and a fifty-two week high of GBX 664 ($8.68).

The company also recently disclosed a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be issued a dividend of GBX 7.75 ($0.10) per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 1.38%. British Land’s dividend payout ratio is -1.03%.

In other news, insider Simon Carter acquired 7,774 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average price of GBX 535 ($6.99) per share, for a total transaction of £41,590.90 ($54,345.88). In the last 90 days, insiders have bought 7,852 shares of company stock valued at $4,203,598.

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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