St. Modwen Properties plc (LON:SMP)‘s stock had its “overweight” rating reiterated by investment analysts at J P Morgan Chase & Co in a report released on Wednesday. They currently have a GBX 410 ($5.31) target price on the stock. J P Morgan Chase & Co’s price target points to a potential upside of 13.04% from the stock’s previous close.

SMP has been the topic of a number of other reports. Liberum Capital reissued a “buy” rating and set a GBX 360 ($4.66) price target on shares of St. Modwen Properties plc in a report on Monday, March 13th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 432 ($5.60) price target on shares of St. Modwen Properties plc in a research note on Thursday, June 22nd. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 375 ($4.86) price target on shares of St. Modwen Properties plc in a research note on Tuesday, July 4th.

Shares of St. Modwen Properties plc (LON:SMP) traded down 1.20% during trading on Wednesday, hitting GBX 362.70. 235,362 shares of the stock were exchanged. The firm has a 50 day moving average of GBX 354.88 and a 200-day moving average of GBX 335.30. St. Modwen Properties plc has a 12-month low of GBX 219.40 and a 12-month high of GBX 371.90. The company’s market cap is GBX 803.83 million.

The company also recently declared a dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Thursday, August 10th will be issued a dividend of GBX 2.02 ($0.03) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 0.56%.

TRADEMARK VIOLATION NOTICE: “St. Modwen Properties plc (LON:SMP) Earns “Overweight” Rating from J P Morgan Chase & Co” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at

About St. Modwen Properties plc

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 partners. Its segments include Portfolio and Residential development.

Receive News & Ratings for St. Modwen Properties plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for St. Modwen Properties plc and related companies with's FREE daily email newsletter.