ST Modwen Properties Rating Reiterated by Liberum Capital (SMP)
ST Modwen Properties (LON:SMP)‘s stock had its “buy” rating reiterated by stock analysts at Liberum Capital in a report issued on Friday, American Banking & Market News reports. They currently have a GBX 406 ($6.66) price target on the stock. Liberum Capital’s price target indicates a potential upside of 3.28% from the stock’s previous close.
Shares of ST Modwen Properties (LON:SMP) opened at 393.10 on Friday. ST Modwen Properties has a 1-year low of GBX 222.06 and a 1-year high of GBX 393.30. The stock has a 50-day moving average of GBX 364. and a 200-day moving average of GBX 328.4. The company’s market cap is £826.7 million.
A number of other firms have also recently commented on SMP. Analysts at Kempen & Co reiterated an “overweight” rating on shares of ST Modwen Properties in a research note to investors on Wednesday. They now have a GBX 405 ($6.64) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of ST Modwen Properties in a research note to investors on Thursday, December 5th. They now have a GBX 375 ($6.15) price target on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of ST Modwen Properties from GBX 280 ($4.59) to GBX 401 ($6.58) in a research note to investors on Wednesday, December 4th. They now have an “add” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. ST Modwen Properties has a consensus rating of “Buy” and an average price target of GBX 373.20 ($6.12).
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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