St. Modwen Properties plc (SMP) Receives Consensus Rating of “Buy” from Brokerages
St. Modwen Properties plc (LON:SMP) has received a consensus rating of “Buy” from the six analysts that are currently covering the company. Six analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 435.17 ($5.30).
SMP has been the subject of a number of research reports. Liberum Capital reissued a “buy” rating and set a GBX 400 ($4.88) target price (down previously from GBX 415 ($5.06)) on shares of St. Modwen Properties plc in a research note on Monday, July 4th. Numis Securities Ltd reissued a “buy” rating and set a GBX 432 ($5.27) target price on shares of St. Modwen Properties plc in a research note on Tuesday, July 5th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 450 ($5.48) target price on shares of St. Modwen Properties plc in a research note on Wednesday, July 6th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 515 ($6.28) target price on shares of St. Modwen Properties plc in a research note on Tuesday, July 5th.
Shares of St. Modwen Properties plc (LON:SMP) traded down 0.08% during trading on Monday, hitting GBX 262.80. 455,673 shares of the stock traded hands. The firm has a 50 day moving average price of GBX 285.32 and a 200-day moving average price of GBX 291.52. St. Modwen Properties plc has a one year low of GBX 218.10 and a one year high of GBX 445.80. The company’s market cap is GBX 581.51 million.
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In other news, insider Bull,Ian bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were purchased at an average price of GBX 274 ($3.34) per share, for a total transaction of £27,400 ($33,394.27).
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 leading partners. The Company’s segments include Portfolio and Residential development.
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