Inland Homes (INL) Receives Buy Rating from Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Inland Homes (LON:INL) in a report released on Thursday morning. The brokerage currently has a GBX 79 ($1.06) target price on the stock.

Inland Homes (INL) traded up GBX 0.75 ($0.01) during trading hours on Thursday, reaching GBX 62.75 ($0.84). The company’s stock had a trading volume of 178,855 shares, compared to its average volume of 248,280. Inland Homes has a 12-month low of GBX 51 ($0.68) and a 12-month high of GBX 66.25 ($0.89).

The company also recently disclosed a dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, December 28th will be issued a dividend of GBX 1.20 ($0.02) per share. This is an increase from Inland Homes’s previous dividend of $0.50. The ex-dividend date of this dividend is Thursday, December 28th. This represents a yield of 2.02%.

In other news, insider Stephen Desmond Wicks acquired 50,000 shares of Inland Homes stock in a transaction on Monday, October 9th. The shares were purchased at an average price of GBX 63 ($0.84) per share, with a total value of £31,500 ($42,185.62).

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About Inland Homes

Inland Homes plc is a United Kingdom-based company, which is principally engaged in acquiring residential and mixed-use sites and seeks planning consent for development. The Company develops a number of the plots for private sale and sells consented plots to house builders. The Company’s segments include Land, House Building, Contracting, Hotel, Investments, Investment property and others.

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