Numis Securities restated their buy rating on shares of St. Modwen Properties (LON:SMP) in a research note released on Wednesday. They currently have a GBX 488 ($6.74) target price on the stock.
Several other brokerages have also recently commented on SMP. Peel Hunt reiterated a buy rating and issued a GBX 425 ($5.87) price target on shares of St. Modwen Properties in a research report on Friday, February 2nd. Liberum Capital reiterated a buy rating and issued a GBX 445 ($6.15) price target on shares of St. Modwen Properties in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of St. Modwen Properties from GBX 410 ($5.66) to GBX 475 ($6.56) and gave the stock an overweight rating in a research report on Monday, January 15th.
Shares of St. Modwen Properties (SMP) opened at GBX 384 ($5.31) on Wednesday. St. Modwen Properties has a 1 year low of GBX 304.80 ($4.21) and a 1 year high of GBX 429.40 ($5.93). The company has a market cap of $853.93 and a PE ratio of 1,422.22.
The business also recently disclosed a dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Thursday, March 8th will be issued a dividend of GBX 4.26 ($0.06) per share. This represents a yield of 1.06%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from St. Modwen Properties’s previous dividend of $2.02.
In related news, insider Robert Hudson acquired 24,666 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of GBX 403 ($5.57) per share, for a total transaction of £99,403.98 ($137,336.25). Also, insider Mark Allan acquired 40,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were bought at an average price of GBX 373 ($5.15) per share, for a total transaction of £149,200 ($206,134.29). In the last 90 days, insiders have acquired 75,025 shares of company stock worth $28,838,254.
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St. Modwen Properties Company Profile
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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