Jefferies Group Reaffirms Buy Rating for Empiric Student Property (ESP)

Empiric Student Property (LON:ESP)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a research report issued to clients and investors on Thursday. They currently have a GBX 110 ($1.49) price objective on the stock. Jefferies Group’s target price points to a potential upside of 25.28% from the stock’s current price.

Separately, Numis Securities restated a “hold” rating and set a GBX 91 ($1.23) price target on shares of Empiric Student Property in a research note on Tuesday, December 12th.

Shares of Empiric Student Property (LON ESP) traded down GBX 0.50 ($0.01) during trading on Thursday, reaching GBX 87.80 ($1.19). 872,485 shares of the company’s stock were exchanged, compared to its average volume of 931,088. The company has a market capitalization of $529.34 and a P/E ratio of 1,463.33. Empiric Student Property has a fifty-two week low of GBX 82.50 ($1.12) and a fifty-two week high of GBX 116 ($1.57).

In other news, insider Lynne Fennah bought 55,400 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were purchased at an average price of GBX 89 ($1.21) per share, for a total transaction of £49,306 ($66,864.66). Also, insider Paul Hadaway bought 388,750 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average price of GBX 88 ($1.19) per share, for a total transaction of £342,100 ($463,927.31).

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/18/jefferies-group-reaffirms-buy-rating-for-empiric-student-property-esp.html.

About Empiric Student Property

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.

Receive News & Ratings for Empiric Student Property Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empiric Student Property and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply