Danuta Gray Acquires 8,361 Shares of St. Modwen Properties plc (LON:SMP) Stock

St. Modwen Properties plc (LON:SMP) insider Danuta Gray purchased 8,361 shares of St. Modwen Properties stock in a transaction that occurred on Monday, July 27th. The shares were purchased at an average price of GBX 302 ($3.72) per share, for a total transaction of £25,250.22 ($31,073.37).

Shares of LON:SMP opened at GBX 302.50 ($3.72) on Tuesday. The company has a market cap of $672.69 million and a price-to-earnings ratio of 13.38. The company has a debt-to-equity ratio of 33.53, a current ratio of 3.42 and a quick ratio of 0.76. The firm has a 50 day simple moving average of GBX 346.99 and a 200 day simple moving average of GBX 395.72. St. Modwen Properties plc has a one year low of GBX 3.35 ($0.04) and a one year high of GBX 539 ($6.63).

The firm also recently declared a dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 6th will be paid a dividend of GBX 1.10 ($0.01) per share. This represents a dividend yield of 0.33%. The ex-dividend date is Thursday, August 6th. St. Modwen Properties’s payout ratio is currently 0.40%.

SMP has been the topic of several analyst reports. Liberum Capital reduced their price target on shares of St. Modwen Properties from GBX 485 ($5.97) to GBX 450 ($5.54) and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Peel Hunt reiterated a “hold” rating on shares of St. Modwen Properties in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of St. Modwen Properties from GBX 530 ($6.52) to GBX 475 ($5.85) and set an “overweight” rating on the stock in a research report on Friday, June 26th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 548.75 ($6.75).

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.

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