St. Modwen Properties plc (SMP) Stock Rating Reaffirmed by Liberum Capital
St. Modwen Properties plc (LON:SMP)‘s stock had its “buy” rating reissued by analysts at Liberum Capital in a research note issued on Thursday. They presently have a GBX 360 ($4.70) target price on the stock. Liberum Capital’s price objective suggests a potential upside of 21.62% from the stock’s current price.
SMP has been the topic of several other research reports. Numis Securities Ltd reiterated a “buy” rating and set a GBX 432 ($5.64) price target on shares of St. Modwen Properties plc in a research note on Tuesday, July 5th. Peel Hunt restated a “buy” rating and set a GBX 515 ($6.72) price objective on shares of St. Modwen Properties plc in a research report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of St. Modwen Properties plc from GBX 450 ($5.87) to GBX 380 ($4.96) and set an “overweight” rating on the stock in a research report on Thursday, July 28th. Six analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of GBX 435.17 ($5.68).
St. Modwen Properties plc (LON:SMP) opened at 294.00 on Thursday. The stock’s market capitalization is GBX 650.54 million. The company has a 50-day moving average of GBX 284.06 and a 200 day moving average of GBX 293.92. St. Modwen Properties plc has a 12 month low of GBX 218.10 and a 12 month high of GBX 445.80.
The business also recently declared a dividend, which was paid on Monday, September 5th. Shareholders of record on Friday, August 12th were issued a GBX 1.94 ($0.03) dividend. The ex-dividend date was Friday, August 12th. This represents a yield of 0.7%.
In related news, insider Bull,Ian purchased 10,000 shares of St. Modwen Properties plc stock in a transaction on 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 transaction 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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