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Banks (Finance)

Deutsche Bank Reiterates Buy Rating on British Land Company PLC

Strategic Insights

— 1 min read

Deutsche Bank has maintained a buy rating on British Land Company PLC's shares, as announced in a research note released on Friday morning. This move comes among a series of actions taken by the firm on other stocks. The assessment highlights the company's focus on United Kingdom retail and London office properties. Meanwhile, the stock's performance is reflected in its recent dividend declaration and moving averages.

Key Takeaways:

  • Deutsche Bank reiterated its buy rating on British Land Company PLC in a research note released on Friday morning.
  • The firm also reiterated its buy rating on shares of Rio Tinto plc (ADR) and GlaxoSmithKline plc, and downgraded shares of Huaneng Power International Inc (ADR) from a buy rating to a hold rating.
  • British Land Company PLC has a 1-year low of GBX 645.36 and a 1-year high of GBX 845.50, with a 50-day moving average of GBX 798.0 and a 200-day moving average of GBX 739.9.
  • The company has a market cap of Au8.622 billion and declared a dividend, which will be paid on Wednesday, May 6th, amounting to GBX 6.92 ($0.10) per share.
  • Analysts have provided various ratings and price targets for the stock, with a consensus rating of Buy and a target price of GBX 840.01 ($12.67).
  • The British Land Company PLC is a Real estate investment trusts (REIT), focusing primarily on the United Kingdom retail and London office properties.

Statistics:

  • GBX 847.00: opening price of British Land Company PLC shares on Friday.
  • GBX 645.36: 1-year low of British Land Company PLC shares.
  • GBX 845.50: 1-year high of British Land Company PLC shares.
  • GBX 798.0: 50-day moving average of British Land Company PLC shares.
  • GBX 739.9: 200-day moving average of British Land Company PLC shares.
  • Au8.622 billion: market cap of British Land Company PLC.

Sources:

  • Deutsche Bank's research note, Friday morning.
  • BNP Paribas' research note, Friday, January 30th.
  • Jefferies Group's research note, Tuesday, January 27th.
  • Liberum Capital's research note, Tuesday, January 27th.
  • Canaccord Genuity's research note, Monday, January 26th.
  • Global Data Point, 2015. Provided by SyndiGate Media Inc. ( Syndigate.info ).

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