St. Modwen Properties plc (LON:SMP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued to investors on Thursday. They presently have a GBX 360 ($4.70) price target on the stock. Liberum Capital’s price objective would suggest a potential upside of 22.45% from the company’s previous close.
Several other analysts also recently issued reports on SMP. Peel Hunt reissued a “buy” rating and issued a GBX 515 ($6.72) price target on shares of St. Modwen Properties plc in a report on Tuesday, July 5th. JPMorgan Chase & Co. cut their price target on St. Modwen Properties plc from GBX 450 ($5.87) to GBX 380 ($4.96) and set an “overweight” rating on the stock in a report on Thursday, July 28th. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 432 ($5.64) price target on shares of St. Modwen Properties plc in a report on Tuesday, July 5th. Six investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of GBX 435.17 ($5.68).
Shares of St. Modwen Properties plc (LON:SMP) opened at 292.196 on Thursday. St. Modwen Properties plc has a 52-week low of GBX 218.10 and a 52-week high of GBX 445.80. The stock’s market capitalization is GBX 646.55 million. The firm’s 50-day moving average price is GBX 284.52 and its 200-day moving average price is GBX 293.77.
The firm also recently announced a dividend, which was paid on Monday, September 5th. Investors of record on Friday, August 12th were given a GBX 1.94 ($0.03) dividend. This represents a yield of 0.7%. The ex-dividend date of this dividend was Friday, August 12th.
In other news, insider Bull,Ian purchased 10,000 shares of the stock in a transaction dated Monday, July 25th. The shares were bought at an average cost of GBX 274 ($3.58) per share, for a total transaction of £27,400 ($35,765.57). Also, insider Oliver,William (Bill) sold 115,506 shares of St. Modwen Properties plc stock in a transaction on Thursday, July 14th. The shares were sold at an average price of GBX 268 ($3.50), for a total value of £309,556.08 ($404,067.46).
About St. Modwen Properties plc
St. Modwen Properties PLC is a United Kingdom-based regeneration specialist. The Company operates in property industry from a network of regional offices, a residential business and through joint ventures with public sector and industry leading partners. The Company’s segments include Portfolio and Residential development.
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