Development Securities PLC (LON:UAI)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a research note issued on Monday. They currently have a GBX 200 ($2.61) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 6.10% from the stock’s previous close.
Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reduced their price target on Development Securities PLC from GBX 245 ($3.20) to GBX 230 ($3.00) and set an “overweight” rating for the company in a research report on Tuesday, September 6th. Barclays PLC reduced their price target on Development Securities PLC from GBX 300 ($3.92) to GBX 250 ($3.26) and set an “overweight” rating for the company in a research report on Thursday, July 7th.
Shares of Development Securities PLC (LON:UAI) opened at 188.50 on Monday. Development Securities PLC has a 52 week low of GBX 140.00 and a 52 week high of GBX 269.50. The firm has a 50-day moving average price of GBX 172.74 and a 200-day moving average price of GBX 178.65. The firm’s market capitalization is GBX 235.54 million.
In other news, insider Upton,Richard acquired 46,012 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were bought at an average price of GBX 162 ($2.11) per share, with a total value of £74,539.44 ($97,297.27). Also, insider Shepherd ,Marcus acquired 3,013 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was purchased at an average cost of GBX 165 ($2.15) per share, for a total transaction of £4,971.45 ($6,489.30).
About Development Securities PLC
U and I Group PLC, formerly Development Securities PLC, is a United Kingdom-based property regeneration company. The Company’s segments include Investment, which is engaged in the management of its investment property portfolio, generating rental income and valuation surpluses from property management; Development and trading, including management of its development and trading properties, and Operating, which consists of servicing of office operations.
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