Springfield Properties (LON:SPR) Upgraded to “Add” at Peel Hunt

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

SPR stock opened at GBX 109.50 ($1.43) on Tuesday. The company has a market cap of $105.50 million and a PE ratio of 9.86. The business has a 50-day simple moving average of GBX 105.70 and a 200 day simple moving average of GBX 110.44. Springfield Properties has a 52 week low of GBX 95 ($1.24) and a 52 week high of GBX 129 ($1.69). The company has a quick ratio of 0.49, a current ratio of 4.00 and a debt-to-equity ratio of 31.69.

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

In related news, insider Colin Kenneth Rae purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average price of GBX 110 ($1.44) per share, with a total value 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.

See Also: Convertible Shares

Receive News & Ratings for Springfield Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Springfield Properties and related companies with MarketBeat.com's FREE daily email newsletter.