This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Technical Observations – For
Technical Observations – Against
Shares recovered from recent lows after its AGM trading statement. Range trading opportunity. Attractive 4.75% dividend yield. Retail segment weaker, but offices strong. Share buyback has been extended.
Risks to BLND shares include a commercial property market downturn. Higher interest rates make borrowing more costly. Brexit uncertainty.
Consensus, is bullish with 47% of brokers saying Buy and only 16% saying Sell. This is supported by 80% of analysts suggesting upside from current levels with a consensus target price of 723p being above our short-term objective of revisiting May’s 2018 highs.
Next Event: Half year results, 12 Nov
Latest Broker 12-Month Consensus: 47% Buy, 37% Hold, 16% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | 4.2 | -2.3 | -2.4 | -2.3 | 8.2 | -2.1 | -20.8 | -7.5 | 10.4 |
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Prepared by Michael van Dulken, Head of Research