Empiric Student Property PLC (ESP) Downgraded by Numis Securities Ltd to “Reduce”
Empiric Student Property PLC (LON:ESP) was downgraded by research analysts at Numis Securities Ltd to a “reduce” rating in a research note issued on Friday. They presently have a GBX 94 ($1.21) price objective on the stock. Numis Securities Ltd’s price objective would indicate a potential downside of 11.74% from the stock’s previous close.
Separately, Jefferies Group LLC reissued a “buy” rating and issued a GBX 125 ($1.61) price objective on shares of Empiric Student Property PLC in a research report on Friday, June 23rd.
Empiric Student Property PLC (LON ESP) traded down 4.69% during mid-day trading on Friday, reaching GBX 101.50. 968,351 shares of the company’s stock traded hands. The firm’s market cap is GBX 508.80 million. Empiric Student Property PLC has a 1-year low of GBX 100.25 and a 1-year high of GBX 119.25. The firm has a 50 day moving average of GBX 1.07 and a 200 day moving average of GBX 1.06.
In other Empiric Student Property PLC news, insider Paul Hadaway purchased 46,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average cost of GBX 107 ($1.38) per share, with a total value of £49,220 ($63,567.09). Also, insider Timothy Attlee sold 130,521 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of GBX 112 ($1.45), for a total transaction of £146,183.52 ($188,794.42).
About Empiric Student Property PLC
Empiric Student Property plc is an internally managed real estate investment trust (REIT). The Company is engaged in investing in the purpose-built student accommodation in central locations in the university cities and towns in the United Kingdom. The Company is engaged in the acquisition, development and management of student accommodation assets in the United Kingdom.
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