Liberum Capital Reconfirmed St Modwen Properties PLC (LON:SMP) As Buy; Has Target Price Of GBX 360.00

St Modwen Properties PLC (LON:SMP) Rating

Research analysts at Liberum Capital have GBX 360.00 target on St Modwen Properties PLC (LON:SMP). Liberum Capital’s target means a potential upside of 21.75% from the company’s close price. The rating was revealed to investors in a research note on 29 September.

Out of 7 analysts covering ST Modwen Properties (LON:SMP), 7 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 535 is the highest target while GBX 360 is the lowest. The GBX 448.71 average target is 50.78% above today’s (GBX 297.6) stock price. ST Modwen Properties has been the topic of 30 analyst reports since October 13, 2015 according to StockzIntelligence Inc. Liberum Capital maintained the stock on September 29 with “Buy” rating. J.P. Morgan maintained it with “Overweight” rating and GBX 530 target price in a February 2 report. Numis Securities maintained the shares of SMP in a report on July 5 with “Buy” rating. #N A Requesting Data… maintained the firm’s rating on December 16. #N A Requesting Data… has “Overweight” rating and GBX 530 price target. Lastly, Stifel Nicolaus maintained the stock with “Buy” rating in a March 8 report.

About 50,623 shares traded hands. St. Modwen Properties plc (LON:SMP) has declined 9.42% since February 29, 2016 and is downtrending. It has underperformed by 20.68% the S&P500.

Analysts await Standard Motor Products, Inc. (NYSE:SMP) to report earnings on November, 3. They expect $0.85 EPS, up 6.25% or $0.05 from last year’s $0.8 per share. SMP’s profit will be $19.61M for 14.02 P/E if the $0.85 EPS becomes a reality. After $0.88 actual EPS reported by Standard Motor Products, Inc. for the previous quarter, Wall Street now forecasts -3.41% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.72 in 2016 Q2. Its up 0.52, from 1.2 in 2016Q1. The ratio improved, as 8 funds sold all St. Modwen Properties plc shares owned while 31 reduced positions. 10 funds bought stakes while 57 increased positions. They now own 17.94 million shares or 0.67% more from 17.82 million shares in 2016Q1.

Copeland Capital Management Llc holds 0.94% of its portfolio in St. Modwen Properties plc for 343,094 shares. Northpointe Capital Llc owns 198,422 shares or 0.93% of their US portfolio. Moreover, Perkins Investment Management Llc has 0.77% invested in the company for 1.28 million shares. The Massachusetts-based Delphi Management Inc Ma has invested 0.74% in the stock. Granite Investment Partners Llc, a California-based fund reported 207,838 shares.

St. Modwen Properties PLC is a United Kingdom regeneration specialist. The company has a market cap of 660.31 million GBP. The Firm operates in property industry from a network of regional offices, a residential business and through joint ventures with public sector and industry leading partners. It has a 10.09 P/E ratio. The Company’s divisions include Portfolio and Residential development.

According to Zacks Investment Research, “Standard Motor Products manufactures and distributes replacement parts for motor vehicles. They are now organized into two principal segments, each focused on a specific type of replacement part. The Engine Management Division consists primarily of ignition and emission parts, on-board computers, ignition wires, battery cables and fuel system parts. The Temperature Control Division consists primarily of air conditioning compressors, other air conditioning parts and heater parts.”

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