Peel Hunt Reaffirms “Buy” Rating for St. Modwen Properties (SMP)

Peel Hunt reiterated their buy rating on shares of St. Modwen Properties (LON:SMP) in a research report report published on Friday morning. They currently have a GBX 425 ($5.97) price objective on the stock.

A number of other research analysts have also recently weighed in on the stock. Liberum Capital reissued a buy rating and set a GBX 445 ($6.25) price objective on shares of St. Modwen Properties in a research note on Friday. JPMorgan Chase & Co. raised their price objective on shares of St. Modwen Properties from GBX 410 ($5.76) to GBX 475 ($6.67) and gave the stock an overweight rating in a research note on Monday, January 15th.

St. Modwen Properties (SMP) opened at GBX 404.80 ($5.68) on Friday. St. Modwen Properties has a 1-year low of GBX 304.80 ($4.28) and a 1-year high of GBX 429.40 ($6.03). The firm has a market cap of $900.18 and a price-to-earnings ratio of 1,760.00.

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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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