Londonmetric Property (LON:LMP) Price Target Raised to GBX 210

Londonmetric Property (LON:LMP) had its price objective boosted by investment analysts at Barclays from GBX 195 ($2.55) to GBX 210 ($2.74) in a research report issued on Tuesday, June 4th, ThisIsMoney.Co.Uk reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential downside of 0.47% from the stock’s previous close.

LMP has been the subject of several other research reports. Peel Hunt reaffirmed an “add” rating on shares of Londonmetric Property in a research note on Monday, March 25th. Liberum Capital reaffirmed a “hold” rating on shares of Londonmetric Property in a research note on Friday, February 8th. Morgan Stanley raised their target price on Londonmetric Property from GBX 190 ($2.48) to GBX 200 ($2.61) and gave the company an “equal weight” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada assumed coverage on Londonmetric Property in a report on Tuesday, April 16th. They set a “sector performer” rating and a GBX 200 ($2.61) target price for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 199 ($2.60).

Shares of LON:LMP traded up GBX 6.40 ($0.08) on Tuesday, hitting GBX 211 ($2.76). The company’s stock had a trading volume of 4,581,001 shares, compared to its average volume of 1,270,000. Londonmetric Property has a 12 month low of GBX 171.50 ($2.24) and a 12 month high of GBX 210.40 ($2.75). The firm has a market capitalization of $1.47 billion and a P/E ratio of 12.34. The company’s 50-day moving average price is GBX 205.10. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 46.06.

In related news, insider Martin McGann sold 21,723 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of GBX 209 ($2.73), for a total value of £45,401.07 ($59,324.54). Also, insider Valentine Beresford sold 184,200 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of GBX 207 ($2.70), for a total value of £381,294 ($498,228.15).

About Londonmetric Property

LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 13 million sq ft under management.

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Analyst Recommendations for Londonmetric Property (LON:LMP)

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