St. Modwen Properties plc (SMP) Rating Reiterated by Peel Hunt

St. Modwen Properties plc (LON:SMP)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a research note issued to investors on Tuesday, July 4th. They currently have a GBX 375 ($4.89) target price on the stock. Peel Hunt’s price objective points to a potential upside of 5.46% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Liberum Capital restated a “buy” rating and issued a GBX 360 ($4.69) price objective on shares of St. Modwen Properties plc in a research report on Monday, March 13th. Numis Securities Ltd restated a “buy” rating and issued a GBX 432 ($5.63) price objective on shares of St. Modwen Properties plc in a research report on Thursday, June 22nd. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 410 ($5.34) price objective on shares of St. Modwen Properties plc in a research report on Thursday, June 8th.

St. Modwen Properties plc (SMP) traded down 1.25% during trading on Tuesday, reaching GBX 355.60. 228,231 shares of the company were exchanged. The firm’s 50-day moving average is GBX 356.60 and its 200 day moving average is GBX 342.25. St. Modwen Properties plc has a one year low of GBX 254.94 and a one year high of GBX 371.90. The company’s market capitalization is GBX 788.10 million.

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In other St. Modwen Properties plc news, insider Mark Allan sold 164,437 shares of St. Modwen Properties plc stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of GBX 367 ($4.78), for a total transaction of £603,483.79 ($786,195.66).

About St. Modwen Properties plc

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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