Liberum Capital Boosts St. Modwen Properties (LON:SMP) Price Target to GBX 590

St. Modwen Properties (LON:SMP) had its price target upped by Liberum Capital from GBX 540 ($7.10) to GBX 590 ($7.76) in a report published on Monday, Stock Target Advisor reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently commented on SMP. Numis Securities reiterated a buy rating on shares of St. Modwen Properties in a report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of St. Modwen Properties from GBX 490 ($6.45) to GBX 530 ($6.97) and gave the company an overweight rating in a research report on Thursday, January 16th. Peel Hunt restated a hold rating and issued a GBX 500 ($6.58) price objective (up from GBX 450 ($5.92)) on shares of St. Modwen Properties in a research note on Monday, February 3rd. Finally, Peel Hunt reaffirmed a hold rating and set a GBX 900 ($11.84) price objective on shares of St. Modwen Properties in a report on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 630 ($8.29).

Shares of LON SMP opened at GBX 454.33 ($5.98) on Monday. The company has a debt-to-equity ratio of 33.53, a quick ratio of 0.76 and a current ratio of 3.42. The firm has a market cap of $1.05 billion and a price-to-earnings ratio of 20.10. The business’s 50-day simple moving average is GBX 500.80 and its 200-day simple moving average is GBX 459.02. St. Modwen Properties has a 52 week low of GBX 370 ($4.87) and a 52 week high of GBX 530 ($6.97).

St. Modwen Properties (LON:SMP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported GBX 17.40 ($0.23) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 16.40 ($0.22) by GBX 1 ($0.01). As a group, equities research analysts forecast that St. Modwen Properties will post 1995.000003 earnings per share for the current year.

The company also recently declared a dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 5th will be issued a dividend of GBX 5.10 ($0.07) per share. This represents a yield of 1.02%. This is a boost from St. Modwen Properties’s previous dividend of $3.60. The ex-dividend date of this dividend is Thursday, March 5th. St. Modwen Properties’s dividend payout ratio is 0.40%.

In other news, insider Mark Allan sold 12,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of GBX 513 ($6.75), for a total value of £61,560 ($80,978.69).

About St. Modwen Properties

St. Modwen Properties PLC invests in, develops, operates, and manages residential and commercial properties in the United Kingdom. It develops land for residential, employment, leisure, retail, and education purposes, as well as uses green infrastructure and community facilities; and industrial and logistics projects.

Further Reading: What is a stock buyback?

Analyst Recommendations for St. Modwen Properties (LON:SMP)

Receive News & Ratings for St. Modwen Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for St. Modwen Properties and related companies with's FREE daily email newsletter.