St. Modwen Properties (LON:SMP)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research report issued on Tuesday. They currently have a GBX 375 ($5.05) target price on the stock. Peel Hunt’s target price indicates a potential downside of 4.65% from the stock’s current price.
A number of other analysts have also issued reports on SMP. Numis Securities reissued a “buy” rating and issued a GBX 432 ($5.81) target price on shares of St. Modwen Properties in a research report on Monday, August 21st. Liberum Capital upped their price objective on St. Modwen Properties from GBX 360 ($4.85) to GBX 400 ($5.38) and gave the stock a “buy” rating in a research report on Thursday, August 31st. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 410 ($5.52) price objective on shares of St. Modwen Properties in a research report on Tuesday, November 28th.
Shares of St. Modwen Properties (LON SMP) opened at GBX 393.30 ($5.29) on Tuesday. St. Modwen Properties has a 12-month low of GBX 280.91 ($3.78) and a 12-month high of GBX 401.70 ($5.41).
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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