St. Modwen Properties plc’s (LON:SMP) Buy Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of St. Modwen Properties plc (LON:SMP) in a report issued on Tuesday. The firm currently has a GBX 375 ($4.86) price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Liberum Capital restated a buy rating and set a GBX 360 ($4.66) price objective on shares of St. Modwen Properties plc in a research report on Wednesday, June 7th. Numis Securities Ltd restated a buy rating and set a GBX 432 ($5.60) 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 set a GBX 410 ($5.31) price objective on shares of St. Modwen Properties plc in a research report on Thursday, June 8th.

St. Modwen Properties plc (LON:SMP) opened at 362.80 on Tuesday. St. Modwen Properties plc has a one year low of GBX 219.40 and a one year high of GBX 371.90. The company’s 50-day moving average is GBX 354.88 and its 200 day moving average is GBX 335.30. The company’s market capitalization is GBX 804.06 million.

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The business also recently declared a dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Thursday, August 10th will be given a dividend of GBX 2.02 ($0.03) per share. This represents a dividend yield of 0.56%. The ex-dividend date is Thursday, August 10th.

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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