Springfield Properties (LON:SPR) Upgraded at Peel Hunt

Peel Hunt upgraded shares of Springfield Properties (LON:SPR) to an add rating in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

LON:SPR opened at GBX 109.50 ($1.43) on Tuesday. The stock has a market cap of $105.50 million and a P/E ratio of 9.86. Springfield Properties has a one year low of GBX 95 ($1.24) and a one year high of GBX 129 ($1.69). The company has a fifty day moving average price of GBX 105.70 and a 200 day moving average price of GBX 110.44. The company has a debt-to-equity ratio of 31.69, a current ratio of 4.00 and a quick ratio of 0.49.

The business also recently announced a dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be paid a dividend of GBX 3.20 ($0.04) per share. This is a boost from Springfield Properties’s previous dividend of $1.20. This represents a yield of 2.91%. The ex-dividend date is Thursday, October 31st. Springfield Properties’s dividend payout ratio is presently 0.36%.

In related news, insider Colin Kenneth Rae bought 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average cost of GBX 110 ($1.44) per share, for a total transaction of £22,000 ($28,746.90).

About Springfield Properties

Springfield Properties Plc, together with its subsidiary, Glassgreen Hire Limited, engages in the house building business in the United Kingdom. The company operates through two divisions, Private Housing and Affordable. It is also involved in hiring plants and machineries. The company was founded in 1956 and is based in Elgin, the United Kingdom.

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