Telford Homes plc (TEF) Insider Sells £750,000 in Stock
Telford Homes plc (LON:TEF) insider David Durant sold 187,500 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of GBX 400 ($5.06), for a total value of £750,000 ($948,766.60).
Telford Homes plc (LON:TEF) opened at 399.50 on Monday. Telford Homes plc has a 52-week low of GBX 254.01 and a 52-week high of GBX 439.76. The company has a 50-day moving average of GBX 412.83 and a 200 day moving average of GBX 360.07. The company’s market cap is GBX 298.67 million.
The business also recently disclosed a dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be issued a dividend of GBX 8.50 ($0.11) per share. This is an increase from Telford Homes plc’s previous dividend of $7.20. This represents a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, June 15th.
TRADEMARK VIOLATION NOTICE: “Telford Homes plc (TEF) Insider Sells £750,000 in Stock” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/06/19/david-durant-sells-187500-shares-of-telford-homes-plc-tef-stock-updated.html.
Several brokerages have recently commented on TEF. Peel Hunt reissued a “buy” rating and issued a GBX 505 ($6.39) target price on shares of Telford Homes plc in a report on Wednesday, May 17th. Canaccord Genuity boosted their price objective on shares of Telford Homes plc from GBX 360 ($4.55) to GBX 400 ($5.06) and gave the stock a “buy” rating in a research report on Wednesday, April 5th.
Telford Homes plc Company Profile
Telford Homes Plc is a residential developer operating across London. The Company is engaged in planning, designing and building developments on brownfield sites in London. The Company operates through the segment of housebuilding in the United Kingdom. The Company builds apartments, houses, schools, churches and commercial buildings as part of residential led mixed use developments.
Receive News & Stock Ratings for Telford Homes plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telford Homes plc and related stocks with our FREE daily email newsletter.