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

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

Shares of TOWN stock opened at GBX 211 ($2.76) on Tuesday. The company has a market capitalization of $111.97 million and a price-to-earnings ratio of -40.58. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 97.53. Town Centre Securities has a fifty-two week low of GBX 202 ($2.64) and a fifty-two week high of GBX 296 ($3.87).

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

In other Town Centre Securities news, insider Michael Ziff sold 100,000 shares of Town Centre Securities stock in a transaction that occurred on Thursday, March 7th. The stock was 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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