Inland Homes PLC using EPIC code LON:INL had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at finnCap. Inland Homes PLC are listed in the Financials sector within AIM. finnCap have set their target price at 80 GBX on its stock. This would imply the analyst believes there is a potential upside of 14.7% from today’s opening price of 69.75 GBX. Inland Homes PLC LON:INL has a 50 day moving average of 68.69 GBX and the 200 Day Moving Average price is recorded at 61.05 GBX. The 52 week high share price is 73.5 GBX while the 52 week low for the stock is 43 GBX.
Disappointing day on the market with the Greek tragedy continuing. Not sure if it is going to be a case of snatching victory out of the of defeat or defeat out of the jaws of victory. Either way, stop losses are set against any adverse reaction on this and my other holdings.
The development, named Meridian Gardens, will provide 351 homes, comprising of 145 one bedroom homes, 174 two bedroom homes and 32 three bedroom homes. The site will contain properties ranging in height from 2 storeys to 13 storeys. In addition to the residences, the site will have retail space, offices, an extension of the local park to the waterfront and a new waterfront walkway.
Commenting, Stephen Wicks, CEO, Inland Homes, said:
"We are delighted that Southampton City Council has resolved to grant planning permission for the Meridian TV Studios site. This project has a Gross Development Value of approximately £70 million and will provide much needed homes for the Southampton community. We believe that this decision is a reflection of Inland's expertise in planning, and development and are confident that this project will benefit the local community."
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