St. Modwen Properties plc Given Buy Rating at Liberum Capital (SMP)
St. Modwen Properties plc (LON:SMP)‘s stock had its “buy” rating reiterated by equities researchers at Liberum Capital in a research report issued on Friday. They currently have a GBX 443 ($7.60) target price on the stock. Liberum Capital’s target price would indicate a potential upside of 16.89% from the stock’s previous close.
Shares of St. Modwen Properties plc (LON:SMP) traded up 0.56% during mid-day trading on Friday, hitting GBX 379.00. The stock had a trading volume of 146,427 shares. St. Modwen Properties plc has a 52-week low of GBX 284.30 and a 52-week high of GBX 426.40. The stock’s 50-day moving average is GBX 367.1 and its 200-day moving average is GBX 380.4. The company’s market cap is £837.2 million.
The company also recently declared a dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Wednesday, August 6th will be given a dividend of GBX 1.46 ($0.03) per share. This represents a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, August 6th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oriel Securities Ltd reiterated an “add” rating on shares of St. Modwen Properties plc in a research note on Tuesday, July 1st. Separately, analysts at Numis Securities Ltd upgraded shares of St. Modwen Properties plc to a “buy” rating in a research note on Tuesday, July 1st. They now have a GBX 441 ($7.56) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of St. Modwen Properties plc in a research note on Wednesday, June 25th. They now have a GBX 425 ($7.29) price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 428.50 ($7.35).
St. Modwen Properties PLC is a United Kingdom-based regeneration specialist. The Company is focused wholly upon regeneration by managing schemes through the planning process, remediating contaminated land and active asset management and development.
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