Peel Hunt Reaffirms “Buy” Rating for Development Securities PLC (UAI)
Development Securities PLC (LON:UAI)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a research report issued to clients and investors on Monday. They currently have a GBX 200 ($2.66) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 9.74% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Development Securities PLC from GBX 245 ($3.26) to GBX 230 ($3.06) and set an “overweight” rating for the company in a research note on Tuesday, September 6th. Barclays PLC decreased their price objective on shares of Development Securities PLC from GBX 300 ($4.00) to GBX 250 ($3.33) and set an “overweight” rating for the company in a research note on Thursday, July 7th.
Development Securities PLC (LON:UAI) opened at 187.90 on Monday. The stock’s market capitalization is GBX 234.79 million. The company has a 50 day moving average of GBX 170.73 and a 200-day moving average of GBX 179.17. Development Securities PLC has a 52-week low of GBX 140.00 and a 52-week high of GBX 269.50.
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In other news, insider Shepherd ,Marcus bought 3,013 shares of Development Securities PLC stock in a transaction dated Thursday, August 11th. The shares were acquired at an average cost of GBX 165 ($2.20) per share, with a total value of £4,971.45 ($6,621.54). Also, insider Upton,Richard bought 46,012 shares of Development Securities PLC stock in a transaction dated Wednesday, August 10th. The shares were purchased at an average cost of GBX 162 ($2.16) per share, for a total transaction of £74,539.44 ($99,280.02).
About Development Securities PLC
U and I Group PLC, formerly Development Securities PLC, is a United Kingdom-based property regeneration company. The Company’s segments include Investment, which is engaged in the management of its investment property portfolio, generating rental income and valuation surpluses from property management; Development and trading, including management of its development and trading properties, and Operating, which consists of servicing of office operations.
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