Peel Hunt Reaffirms “Buy” Rating for St. Modwen Properties plc (SMP)
St. Modwen Properties plc (LON:SMP)‘s stock had its “buy” rating restated by analysts at Peel Hunt in a report released on Monday. They presently have a GBX 375 ($4.87) target price on the stock. Peel Hunt’s price objective would suggest a potential upside of 6.62% from the stock’s current price.
Several other equities analysts have also commented on the stock. Liberum Capital restated a “buy” rating and set a GBX 360 ($4.67) price target on shares of St. Modwen Properties plc in a research report on Tuesday, August 1st. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 410 ($5.32) price target on shares of St. Modwen Properties plc in a research report on Wednesday, July 5th. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 432 ($5.61) price target on shares of St. Modwen Properties plc in a research report on Thursday, June 22nd.
St. Modwen Properties plc (SMP) traded up 1.97% on Monday, hitting GBX 351.70. 222,542 shares of the company were exchanged. The stock’s market cap is GBX 779.46 million. The firm has a 50 day moving average of GBX 351.14 and a 200-day moving average of GBX 346.13. St. Modwen Properties plc has a 52-week low of GBX 254.94 and a 52-week high of GBX 371.90.
In related news, insider Mark Allan sold 164,437 shares of the stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of GBX 367 ($4.76), for a total value of £603,483.79 ($783,439.95).
St. Modwen Properties plc Company Profile
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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