JPMorgan Chase & Co. reissued their neutral rating on shares of Londonmetric Property (LON:LMP) in a report issued on Thursday morning, Digital Look reports. The brokerage currently has a GBX 230 ($3.01) target price on the stock.
LMP has been the subject of a number of other reports. Liberum Capital reissued a hold rating on shares of Londonmetric Property in a report on Monday, October 14th. Peel Hunt reissued an add rating on shares of Londonmetric Property in a report on Tuesday, November 5th. Finally, Morgan Stanley downgraded shares of Londonmetric Property to an underweight rating and set a GBX 200 ($2.61) price target for the company. in a report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Londonmetric Property currently has an average rating of Hold and an average price target of GBX 217 ($2.84).
Londonmetric Property stock traded up GBX 1.80 ($0.02) during mid-day trading on Thursday, reaching GBX 240.20 ($3.14). The company had a trading volume of 1,222,092 shares, compared to its average volume of 1,270,000. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 46.06. Londonmetric Property has a 52 week low of GBX 171.50 ($2.24) and a 52 week high of GBX 236.80 ($3.09). The company has a 50 day moving average of GBX 226.20 and a 200-day moving average of GBX 210.95. The firm has a market cap of $2.02 billion and a price-to-earnings ratio of 14.05.
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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