Published On: Mon, Sep 19th, 2016

Deutsche Bank AG Reiterates “Hold” Rating for British Land Company PLC (BLND)

British Land Company PLC (LON:BLND)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a research note issued to investors on Monday.
Other analysts have also issued research reports about the company. Citigroup Inc. reiterated a “buy” rating on shares of British Land Company PLC in a report on Friday, June 17th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 899 ($11.97) price target on shares of British Land Company PLC in a report on Monday, July 18th. Liberum Capital lowered their price target on British Land Company PLC from GBX 893 ($11.89) to GBX 800 ($10.66) and set a “hold” rating for the company in a report on Monday, May 23rd. Societe Generale lowered British Land Company PLC to a “hold” rating and set a GBX 650 ($8.66) target price for the company. in a report on Tuesday, July 5th. Finally, Peel Hunt restated a “hold” rating and set a GBX 892 ($11.88) target price on shares of British Land Company PLC in a report on Friday, July 8th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. British Land Company PLC presently has an average rating of “Hold” and an average target price of GBX 793.78 ($10.57).
British Land Company PLC (LON:BLND) traded up 0.41% during mid-day trading on Monday, hitting GBX 617.50. The company’s stock had a trading volume of 1,404,506 shares. British Land Company PLC has a 12-month low of GBX 499.96 and a 12-month high of GBX 879.00. The firm’s 50-day moving average is GBX 657.07 and its 200-day moving average is GBX 682.69. The company’s market cap is GBX 6.36 billion.

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The firm also recently declared a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be issued a GBX 7.30 ($0.10) dividend. This represents a yield of 1.16%. This is a positive change from British Land Company PLC’s previous dividend of $7.09. The ex-dividend date is Thursday, October 6th.
In other British Land Company PLC news, insider Roberts,Timothy Andrew sold 13,994 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of GBX 661 ($8.80), for a total value of £92,500.34 ($123,202.37). Also, insider Maudsley,Charles purchased 12,020 shares of the stock in a transaction on Wednesday, June 29th. The stock was acquired at an average cost of GBX 600 ($7.99) per share, for a total transaction of £72,120 ($96,057.54).
About British Land Company PLC
British Land Company PLC (British Land) is a real estate company. The Company manages, develops and finances portfolio of properties. The Company focuses on retail locations around the United Kingdom and London offices. The Company allocates resources to investment and asset management according to the sectors it expects to perform over the medium-term.

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