The Goldman Sachs Group Inc. Downgraded British Land Company PLC (BLND) Price Target to GBX 715

The Goldman Sachs Group Inc. Downgraded British Land Company PLC (BLND) Price Target to GBX 715

British Land Company PLC (LON:BLND) had its price target dropped by stock analysts at Goldman Sachs Group Inc. from GBX 736 ($9.20) to GBX 715 ($8.93) in a research report issued on Wednesday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price objective indicates a potential upside of 20.68% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Citigroup Inc. reiterated a “buy” rating and issued a GBX 741 ($9.26) price objective on shares of British Land Company PLC in a report on Monday, July 18th. Canaccord Genuity restated a “buy” rating and issued a GBX 899 ($11.23) price target on shares of British Land Company PLC in a research note on Monday, July 18th. HSBC upped their price target on shares of British Land Company PLC from GBX 647 ($8.08) to GBX 738 ($9.22) and gave the company a “buy” rating in a research note on Friday, September 30th. Jefferies Group upped their price target on shares of British Land Company PLC from GBX 647 ($8.08) to GBX 738 ($9.22) and gave the company a “buy” rating in a research note on Friday, September 30th. Finally, Deutsche Bank AG restated a “hold” rating on shares of British Land Company PLC in a research note on Monday, September 19th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. British Land Company PLC presently has an average rating of “Hold” and an average price target of GBX 758.95 ($9.48).

British Land Company PLC (LON:BLND) traded up 0.169062% during midday trading on Wednesday, reaching GBX 589.839966. 1,742,623 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 593.57 and a 200 day moving average of GBX 648.91. British Land Company PLC has a 52-week low of GBX 499.96 and a 52-week high of GBX 853.00. The company’s market cap is GBX 6.07 billion.

The company also recently disclosed a dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 5th will be paid a GBX 7.30 ($0.09) dividend. This represents a dividend yield of 1.23%. The ex-dividend date is Thursday, January 5th.

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