Telford Homes plc (TEF) Given “Buy” Rating at Peel Hunt
Telford Homes plc (LON:TEF)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a note issued to investors on Tuesday, StockTargetPrices.com reports. They currently have a GBX 505 ($6.53) target price on the stock. Peel Hunt’s price target would indicate a potential upside of 25.47% from the company’s current price.
Separately, Canaccord Genuity increased their price target on shares of Telford Homes plc from GBX 360 ($4.65) to GBX 400 ($5.17) and gave the stock a “buy” rating in a research report on Wednesday, April 5th.
Telford Homes plc (TEF) traded up 0.5621% during midday trading on Tuesday, hitting GBX 398.0796. 522,389 shares of the stock traded hands. The firm’s market cap is GBX 297.60 million. Telford Homes plc has a 12-month low of GBX 254.01 and a 12-month high of GBX 439.76. The company’s 50-day moving average is GBX 413.53 and its 200 day moving average is GBX 357.06.
The company also recently announced a dividend, which will be paid on Friday, July 14th. Investors of record on Thursday, June 15th will be issued a GBX 8.50 ($0.11) dividend. This is a boost from Telford Homes plc’s previous dividend of $7.20. The ex-dividend date of this dividend is Thursday, June 15th. This represents a yield of 2.02%.
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In related news, insider David Durant sold 187,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of GBX 400 ($5.17), for a total value of £750,000 ($969,117.46).
Telford Homes plc Company Profile
Telford Homes Plc is a residential developer operating across London. The Company is engaged in planning, designing and building developments on brownfield sites in London. The Company operates through the segment of housebuilding in the United Kingdom. The Company builds apartments, houses, schools, churches and commercial buildings as part of residential led mixed use developments.
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