Town Centre Securities (LON:TOWN) Hits New 52-Week Low at $183.00

Town Centre Securities Plc (LON:TOWN)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 183 ($2.39) and last traded at GBX 183 ($2.39), with a volume of 3032 shares changing hands. The stock had previously closed at GBX 183 ($2.39).

Several equities research analysts have recently commented on TOWN shares. Liberum Capital reduced their target price on shares of Town Centre Securities from GBX 340 ($4.44) to GBX 300 ($3.92) and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Peel Hunt restated a “buy” rating on shares of Town Centre Securities in a research note on Friday, August 9th.

The company has a debt-to-equity ratio of 97.53, a quick ratio of 1.12 and a current ratio of 1.12. The company’s 50 day moving average price is GBX 200.99 and its 200 day moving average price is GBX 209.08. The company has a market cap of $97.12 million and a price-to-earnings ratio of -35.19.

About Town Centre Securities (LON:TOWN)

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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