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.

COPYRIGHT VIOLATION NOTICE: This news story was first published by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/21/peel-hunt-reaffirms-buy-rating-for-st-modwen-properties-plc-smp.html.

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.

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 MarketBeat.com's FREE daily email newsletter.