ST Modwen Properties PT Raised to GBX 375 at JPMorgan Chase & Co. (SMP)
JPMorgan Chase & Co. hoisted their price target on shares of ST Modwen Properties (LON:SMP) from GBX 350 ($5.62) to GBX 375 ($6.02) in a research note issued on Tuesday, AnalystRatings.NET reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 14.02% from the stock’s previous close.
ST Modwen Properties (LON:SMP) traded up 4.85% on Tuesday, hitting GBX 328.90. The stock had a trading volume of 231,434 shares. ST Modwen Properties has a 52-week low of GBX 191.38 and a 52-week high of GBX 335.00. The stock’s 50-day moving average is GBX 309.2 and its 200-day moving average is GBX 286.9. The company’s market cap is £691.7 million.
Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of ST Modwen Properties in a research note to investors on Tuesday, September 10th. They now have a GBX 280 ($4.49) price target on the stock.
St. Modwen Properties PLC is the regeneration specialist. The Company operates through a network of seven regional offices and through joint ventures with industry partners.
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