St. Modwen Properties plc (LON:SMP) Insider Sells £118,324.36 in Stock

St. Modwen Properties plc (LON:SMP) insider Robert Hudson sold 38,417 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of GBX 308 ($3.79), for a total value of £118,324.36 ($145,612.06).

St. Modwen Properties stock opened at GBX 312 ($3.84) on Thursday. The business has a 50 day moving average price of GBX 343.92 and a two-hundred day moving average price of GBX 393.83. The company has a quick ratio of 0.76, a current ratio of 3.42 and a debt-to-equity ratio of 33.53. The stock has a market cap of $693.82 million and a price-to-earnings ratio of 13.81. St. Modwen Properties plc has a 12 month low of GBX 3.35 ($0.04) and a 12 month high of GBX 539 ($6.63).

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

Several research firms have commented on SMP. Liberum Capital cut their price target on St. Modwen Properties from GBX 485 ($5.97) to GBX 450 ($5.54) and set a “buy” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. cut their price target on St. Modwen Properties from GBX 530 ($6.52) to GBX 475 ($5.85) and set an “overweight” rating for the company in a report on Friday, June 26th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of St. Modwen Properties in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock 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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