Empiric Student Property (LON:ESP) PT Lowered to GBX 70 at Berenberg Bank

Empiric Student Property (LON:ESP) had its target price trimmed by Berenberg Bank from GBX 80 ($1.05) to GBX 70 ($0.92) in a research report sent to investors on Friday morning, Digital Look reports. The firm currently has a hold rating on the stock.

Separately, Numis Securities reiterated a hold rating on shares of Empiric Student Property in a report on Wednesday, February 5th.

Shares of ESP stock traded down GBX 1.10 ($0.01) during midday trading on Friday, reaching GBX 61.10 ($0.80). 910,557 shares of the stock were exchanged, compared to its average volume of 870,269. Empiric Student Property has a 1 year low of GBX 50.30 ($0.66) and a 1 year high of GBX 104 ($1.37). The company’s 50 day moving average is GBX 62.91 and its two-hundred day moving average is GBX 84.51. The company has a current ratio of 0.31, a quick ratio of 0.26 and a debt-to-equity ratio of 52.62. The firm has a market cap of $367.72 million and a PE ratio of 6.71.

Empiric Student Property Company Profile

Empiric Student Property plc is a leading provider and operator of modern, direct-let, nominated or leased student accommodation across the UK. Investing in both operating and development assets, Empiric is a multi-niche student property company focused on, (i) providing good quality first year accommodation managed through its Hello Student® operating platform in partnership with universities, (ii) offering a variety of second and third year purpose-built accommodation options for individual students and those wanting a group living environment, and (iii)continuing to expand the Group's existing premium, studio-led accommodation portfolio which is attractive to international and postgraduate students.

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