LondonMetric Property (LON:LMP)’s stock had its “hold” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, Price Targets.com reports. They currently have a GBX 280 ($3.78) price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 5.74% from the company’s current price.
Other analysts have also recently issued research reports about the company. Barclays reaffirmed an “overweight” rating and issued a GBX 285 ($3.85) price target on shares of LondonMetric Property in a research report on Thursday, November 18th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 305 ($4.11) target price on shares of LondonMetric Property in a report on Wednesday, January 19th. Liberum Capital increased their price target on LondonMetric Property from GBX 255 ($3.44) to GBX 283 ($3.82) and gave the company a “hold” rating in a report on Wednesday, December 8th. Finally, Morgan Stanley boosted their price objective on shares of LondonMetric Property from GBX 300 ($4.05) to GBX 310 ($4.18) and gave the stock an “overweight” rating in a research note on Wednesday, January 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 277.25 ($3.74).
LMP stock opened at GBX 264.80 ($3.57) on Wednesday. The firm has a market cap of £2.59 billion and a PE ratio of 5.66. LondonMetric Property has a 1 year low of GBX 204.80 ($2.76) and a 1 year high of GBX 287.20 ($3.87). The company has a fifty day simple moving average of GBX 273.81 and a 200 day simple moving average of GBX 260.10. The company has a current ratio of 3.83, a quick ratio of 1.64 and a debt-to-equity ratio of 53.22.
In related news, insider Patrick Vaughan sold 400,000 shares of the company’s stock in a transaction on Tuesday, November 23rd. The shares were sold at an average price of GBX 271 ($3.66), for a total transaction of £1,084,000 ($1,462,493.25).
LondonMetric Property Company Profile
LondonMetric is a FTSE 250 REIT that owns one of the UK’s leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers’ demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.