St. Modwen Properties (LON:SMP) Share Price Crosses Above 200 Day Moving Average of $0.00

St. Modwen Properties plc (LON:SMP) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $421.64. St. Modwen Properties shares last traded at $408.50, with a volume of 53,822 shares trading hands.

A number of brokerages have recently commented on SMP. JPMorgan Chase & Co. lifted their price objective on shares of St. Modwen Properties from GBX 475 ($6.21) to GBX 490 ($6.40) and gave the company an “overweight” rating in a research report on Wednesday, July 3rd. Peel Hunt reaffirmed a “hold” rating and set a GBX 430 ($5.62) target price (up previously from GBX 400 ($5.23)) on shares of St. Modwen Properties in a report on Monday, July 1st. Finally, Liberum Capital reaffirmed a “buy” rating on shares of St. Modwen Properties in a report on Tuesday, July 2nd.

The company has a market capitalization of $906.21 million and a price-to-earnings ratio of 14.89. The company has a debt-to-equity ratio of 34.02, a quick ratio of 0.80 and a current ratio of 3.39. The firm has a fifty day moving average price of GBX 428.42.

The business also recently announced a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 8th will be issued a dividend of GBX 3.60 ($0.05) per share. This represents a dividend yield of 0.84%. The ex-dividend date is Thursday, August 8th. St. Modwen Properties’s payout ratio is 0.29%.

In other St. Modwen Properties news, insider Mark Allan sold 35,964 shares of St. Modwen Properties stock in a transaction dated Monday, May 13th. The shares were sold at an average price of GBX 418 ($5.46), for a total value of £150,329.52 ($196,432.14).

About St. Modwen Properties (LON:SMP)

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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