Development Securities PLC (UAI) Receives “Buy” Rating from Peel Hunt
Development Securities PLC (LON:UAI)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a research note issued on Wednesday. They currently have a GBX 200 ($2.44) target price on the stock. Peel Hunt’s target price indicates a potential upside of 21.21% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the company. Barclays PLC dropped their price target on Development Securities PLC from GBX 300 ($3.66) to GBX 250 ($3.05) and set an “overweight” rating on the stock in a research note on Thursday, July 7th. JPMorgan Chase & Co. dropped their price target on Development Securities PLC from GBX 245 ($2.99) to GBX 230 ($2.80) and set an “overweight” rating on the stock in a research note on Tuesday, September 6th.
Development Securities PLC (LON:UAI) opened at 158.00 on Wednesday. The company’s market capitalization is GBX 197.43 million. Development Securities PLC has a one year low of GBX 140.00 and a one year high of GBX 258.00. The firm’s 50 day moving average price is GBX 177.28 and its 200-day moving average price is GBX 176.45.
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In other news, insider Shepherd ,Marcus acquired 3,013 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were purchased at an average cost of GBX 165 ($2.01) per share, with a total value of £4,971.45 ($6,059.05). Also, insider Upton,Richard acquired 46,012 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was purchased at an average cost of GBX 162 ($1.97) per share, for a total transaction of £74,539.44 ($90,846.36).
About Development Securities PLC
U and I Group PLC, formerly Development Securities PLC, is a United Kingdom-based property regeneration company. The Company’s segments include Investment, which is engaged in the management of its investment property portfolio, generating rental income and valuation surpluses from property management; Development and trading, including management of its development and trading properties, and Operating, which consists of servicing of office operations.
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