Town Centre Securities’ (TOWN) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Town Centre Securities (LON:TOWN) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Separately, Liberum Capital reiterated a buy rating on shares of Town Centre Securities in a research note on Friday, October 4th.

Shares of LON:TOWN opened at GBX 224 ($2.93) on Tuesday. The company has a debt-to-equity ratio of 109.24, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a fifty day moving average price of GBX 208.70 and a 200 day moving average price of GBX 199.98. Town Centre Securities has a fifty-two week low of GBX 164 ($2.14) and a fifty-two week high of GBX 252.50 ($3.30). The firm has a market cap of $119.08 million and a price-to-earnings ratio of -9.53.

The company also recently announced a dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, December 5th will be issued a GBX 8.50 ($0.11) dividend. This represents a dividend yield of 4.66%. This is a boost from Town Centre Securities’s previous dividend of $3.25. The ex-dividend date of this dividend is Thursday, December 5th. Town Centre Securities’s payout ratio is -0.51%.

About Town Centre Securities

Town Centre Securities PLC (TCS) is a leading UK property investment & development company with property assets of over £400 million. With more than 50 years' experience, a commitment to sustainable development and a reputation for quality & innovation, TCS create outstanding mixed use developments close to transport hubs in Leeds, Manchester, Glasgow and London.

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