St. Modwen Properties plc (LON:SMP) Earns “Overweight” Rating from J P Morgan Chase & Co
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%.
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.
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