Peel Hunt Reaffirms “Buy” Rating for Development Securities PLC (UAI)
Development Securities PLC (LON:UAI)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a report released on Wednesday. They currently have a GBX 200 ($2.44) price objective on the stock. Peel Hunt’s target price points to a potential upside of 21.21% from the stock’s current price.
A number of other brokerages also recently issued reports on UAI. JPMorgan Chase & Co. raised shares of Development Securities PLC to an “overweight” rating and reduced their price objective for the company from GBX 300 ($3.66) to GBX 245 ($2.99) in a research report on Wednesday, June 22nd. Barclays PLC dropped their target price on shares of Development Securities PLC from GBX 300 ($3.66) to GBX 250 ($3.05) and set an “overweight” rating on the stock in a report on Thursday, July 7th.
Shares of Development Securities PLC (LON:UAI) opened at 158.50 on Wednesday. The stock’s market cap is GBX 198.05 million. Development Securities PLC has a 12-month low of GBX 140.00 and a 12-month high of GBX 258.00. The company’s 50-day moving average is GBX 177.28 and its 200-day moving average is GBX 176.45.
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In other Development Securities PLC news, insider Upton,Richard bought 46,012 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were purchased at an average price of GBX 162 ($1.97) per share, for a total transaction of £74,539.44 ($90,846.36). Also, insider Shepherd ,Marcus bought 3,013 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were acquired at an average price of GBX 165 ($2.01) per share, for a total transaction of £4,971.45 ($6,059.05).
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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