Published On: Mon, Sep 19th, 2016

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/19/peel-hunt-reaffirms-buy-rating-for-development-securities-plc-uai.html

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.

Receive News & Ratings for Development Securities PLC Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Development Securities PLC and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>