St. Modwen Properties (LON:SMP) had its target price lifted by stock analysts at JPMorgan Chase & Co. from GBX 410 ($5.56) to GBX 475 ($6.44) in a research note issued on Monday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 19.05% from the company’s current price.
Several other research firms also recently weighed in on SMP. Peel Hunt restated a “buy” rating on shares of St. Modwen Properties in a report on Tuesday, December 19th. Liberum Capital upped their price objective on shares of St. Modwen Properties from GBX 400 ($5.42) to GBX 445 ($6.03) and gave the stock a “buy” rating in a report on Monday, January 8th.
St. Modwen Properties (SMP) traded down GBX 0.60 ($0.01) during trading on Monday, reaching GBX 400 ($5.42). 118,955 shares of the company’s stock were exchanged, compared to its average volume of 208,256. St. Modwen Properties has a 52-week low of GBX 304.80 ($4.13) and a 52-week high of GBX 408.80 ($5.54). The firm has a market cap of $893.07 and a price-to-earnings ratio of 1,739.13.
About St. Modwen Properties
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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