British Land Company Plc (OTCMKTS:BTLCY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of British Land Company Plc (OTCMKTS:BTLCY – Get Rating) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $626.67.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of British Land from GBX 710 ($8.70) to GBX 700 ($8.58) in a research report on Tuesday, July 19th. Royal Bank of Canada lowered shares of British Land from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, July 12th. Finally, Barclays dropped their price objective on shares of British Land from GBX 580 ($7.11) to GBX 540 ($6.62) in a research report on Tuesday, July 5th.

British Land Stock Performance

Shares of BTLCY opened at $5.62 on Friday. British Land has a 52-week low of $5.23 and a 52-week high of $7.74. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $5.91 and a 200-day simple moving average of $6.52.

British Land Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, August 8th. Investors of record on Friday, June 24th will be issued a dividend of $0.1028 per share. This represents a yield of 3.23%. The ex-dividend date is Thursday, June 23rd.

British Land Company Profile

(Get Rating)

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 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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