St. Modwen Properties plc’s “Buy” Rating Reaffirmed at Liberum Capital (SMP)
St. Modwen Properties plc (LON:SMP)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a research report issued to clients and investors on Tuesday. They currently have a GBX 443 ($7.43) price target on the stock. Liberum Capital’s target price points to a potential upside of 18.89% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of St. Modwen Properties plc in a research note on Thursday, July 31st. They now have a GBX 425 ($7.13) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of St. Modwen Properties plc in a research note on Wednesday, July 23rd. Finally, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of St. Modwen Properties plc in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 428.50 ($7.19).
Shares of St. Modwen Properties plc (LON:SMP) opened at 372.30 on Tuesday. St. Modwen Properties plc has a 52 week low of GBX 284.30 and a 52 week high of GBX 426.40. The stock has a 50-day moving average of GBX 369.0 and a 200-day moving average of GBX 379.1. The company’s market cap is £822.4 million.
The company also recently announced a dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Wednesday, August 6th will be paid a dividend of GBX 1.46 ($0.02) per share. This represents a dividend yield of 0.39%. The ex-dividend date is Wednesday, August 6th.
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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