St. Modwen Properties plc (SMP) Given Buy Rating at Numis Securities Ltd
St. Modwen Properties plc (LON:SMP)‘s stock had its “buy” rating reiterated by equities researchers at Numis Securities Ltd in a note issued to investors on Monday. They presently have a GBX 432 ($5.61) target price on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 25.25% from the stock’s current price.
Several other research analysts also recently commented on the stock. Liberum Capital reissued a “buy” rating and set a GBX 360 ($4.67) price objective on shares of St. Modwen Properties plc in a report on Wednesday, June 7th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 410 ($5.32) price target on shares of St. Modwen Properties plc in a report on Wednesday, July 5th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 375 ($4.87) price target on shares of St. Modwen Properties plc in a report on Tuesday, July 4th.
St. Modwen Properties plc (SMP) opened at 353.20 on Monday. The stock’s market cap is GBX 782.78 million. St. Modwen Properties plc has a 12-month low of GBX 254.94 and a 12-month high of GBX 371.90. The stock has a 50 day moving average price of GBX 351.70 and a 200 day moving average price of GBX 345.51.
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In related news, insider Mark Allan sold 164,437 shares of the stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of GBX 367 ($4.76), for a total value of £603,483.79 ($783,439.95).
St. Modwen Properties plc Company Profile
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 partners. Its segments include Portfolio and Residential development.
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