Empiric Student Property plc (LON:ESP – Get Rating)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 88.81 ($1.09) and traded as high as GBX 91.90 ($1.13). Empiric Student Property shares last traded at GBX 91.40 ($1.12), with a volume of 684,177 shares changing hands.
Analysts Set New Price Targets
Separately, Royal Bank of Canada downgraded Empiric Student Property to a “sector perform” rating and cut their price objective for the company from GBX 105 ($1.29) to GBX 85 ($1.04) in a research report on Tuesday, July 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Empiric Student Property currently has an average rating of “Moderate Buy” and an average target price of GBX 105 ($1.29).
Empiric Student Property Price Performance
The stock has a fifty day moving average price of GBX 88.81 and a 200-day moving average price of GBX 88.85. The company has a market cap of £546.07 million and a PE ratio of 1,828.00. The company has a debt-to-equity ratio of 57.45, a current ratio of 0.75 and a quick ratio of 0.44.
Empiric Student Property Announces Dividend
Empiric Student Property Company Profile
Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation located in high-demand university towns and cities across the UK. Investing in both operating and development assets, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Student® operating platform, that is attractive to affluent growing student segments.
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