Peel Hunt Reiterates Buy Rating for Development Securities PLC (UAI)
Several other brokerages have also commented on UAI. JPMorgan Chase & Co. upgraded shares of Development Securities PLC to an overweight rating and cut their price target for the stock from GBX 300 ($3.92) to GBX 245 ($3.20) in a research note on Wednesday, June 22nd. Barclays PLC cut their price target on shares of Development Securities PLC from GBX 300 ($3.92) to GBX 250 ($3.26) and set an overweight rating on the stock in a research note on Thursday, July 7th.
Development Securities PLC (LON:UAI) opened at 189.00 on Monday. The company has a 50-day moving average of GBX 174.90 and a 200-day moving average of GBX 178.69. Development Securities PLC has a 52 week low of GBX 140.00 and a 52 week high of GBX 261.75. The stock’s market capitalization is GBX 236.16 million.
In other Development Securities PLC news, insider Upton,Richard acquired 46,012 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were bought at an average cost of GBX 162 ($2.11) per share, for a total transaction of £74,539.44 ($97,297.27). Also, insider Shepherd ,Marcus acquired 3,013 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was acquired at an average price of GBX 165 ($2.15) per share, for a total transaction of £4,971.45 ($6,489.30).
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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