Empiric Student Property (LON:ESP) Stock Rating Reaffirmed by Berenberg Bank

Empiric Student Property (LON:ESP – Get Rating)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research report issued on Thursday, MarketBeat reports. They currently have a GBX 115 ($1.43) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 25.82% from the stock’s previous close.

Separately, Royal Bank of Canada upped their target price on shares of Empiric Student Property from GBX 97 ($1.20) to GBX 100 ($1.24) and gave the company a “sector perform” rating in a research report on Tuesday, March 21st.

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Empiric Student Property Stock Performance

Shares of LON ESP opened at GBX 91.40 ($1.14) on Thursday. The firm has a market cap of £551.46 million, a price-to-earnings ratio of 830.91, a P/E/G ratio of 2.01 and a beta of 1.00. The business’s 50-day simple moving average is GBX 87.34 and its 200-day simple moving average is GBX 86.31. The company has a debt-to-equity ratio of 55.34, a quick ratio of 1.06 and a current ratio of 1.32. Empiric Student Property has a 52 week low of GBX 74 ($0.92) and a 52 week high of GBX 103.80 ($1.29).

Insiders Place Their Bets

In other news, insider Alice Avis acquired 53,600 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was acquired at an average price of GBX 86 ($1.07) per share, for a total transaction of £46,096 ($57,247.89). 0.18% of the stock is owned by insiders.

About Empiric Student Property

(Get Rating)

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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