Town Centre Securities (TOWN) Rating Reiterated by Peel Hunt

Peel Hunt reiterated their buy rating on shares of Town Centre Securities (LON:TOWN) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports.

Separately, Liberum Capital initiated coverage on shares of Town Centre Securities in a research report on Monday, January 21st. They issued a buy rating and a GBX 340 ($4.44) price objective for the company.

TOWN stock opened at GBX 209 ($2.73) on Tuesday. The company has a debt-to-equity ratio of 97.53, a current ratio of 1.12 and a quick ratio of 1.12. Town Centre Securities has a 12 month low of GBX 202 ($2.64) and a 12 month high of GBX 296 ($3.87). The company has a market capitalization of $110.91 million and a PE ratio of -40.19.

The business also recently announced a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 23rd will be paid a GBX 3.25 ($0.04) dividend. This represents a yield of 1.52%. The ex-dividend date of this dividend is Thursday, May 23rd. Town Centre Securities’s dividend payout ratio is currently -2.31%.

In related news, insider Michael Ziff sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of GBX 219 ($2.86), for a total value of £219,000 ($286,162.29).

Town Centre Securities Company Profile

Town Centre Securities PLC (TCS) is a leading UK property investment & development company with property assets of over £400 million. With more than 50 years' experience, a commitment to sustainable development and a reputation for quality & innovation, TCS create outstanding mixed use developments close to transport hubs in Leeds, Manchester, Glasgow and London.

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