Londonmetric Property PLC (LMP) Price Target Raised to GBX 163 at HSBC
Londonmetric Property PLC (LON:LMP) had its price objective lifted by equities researchers at HSBC from GBX 142 ($1.85) to GBX 163 ($2.13) in a report issued on Friday. The brokerage presently has a “hold” rating on the stock. HSBC’s price target would suggest a potential upside of 1.31% from the stock’s current price.
A number of other equities research analysts also recently weighed in on LMP. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 190 ($2.48) target price on shares of Londonmetric Property PLC in a research note on Thursday, June 2nd. Numis Securities Ltd reissued a “hold” rating and set a GBX 160 ($2.09) price target on shares of Londonmetric Property PLC in a research note on Thursday, June 2nd. Liberum Capital decreased their price target on shares of Londonmetric Property PLC from GBX 176 ($2.30) to GBX 170 ($2.22) and set a “hold” rating on the stock in a research note on Monday, July 4th. Morgan Stanley downgraded shares of Londonmetric Property PLC to an “underweight” rating and lifted their price target for the stock from GBX 145 ($1.89) to GBX 154 ($2.01) in a research note on Wednesday, August 31st. Finally, Jefferies Group lifted their price target on shares of Londonmetric Property PLC from GBX 165 ($2.15) to GBX 172 ($2.25) and gave the stock a “hold” rating in a research note on Friday, August 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 174.90 ($2.28).
Londonmetric Property PLC (LON:LMP) opened at 158.80 on Friday. The firm’s market cap is GBX 991.07 million. The company’s 50 day moving average is GBX 162.61 and its 200-day moving average is GBX 159.85. Londonmetric Property PLC has a 52-week low of GBX 133.90 and a 52-week high of GBX 171.40.
The company also recently announced a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 1st will be issued a GBX 1.80 ($0.02) dividend. This represents a dividend yield of 1.08%. The ex-dividend date is Thursday, September 1st.
In other news, insider Livingston,Andrew bought 35,669 shares of the business’s stock in a transaction dated Wednesday, July 6th. The shares were purchased at an average price of GBX 140 ($1.83) per share, for a total transaction of £49,936.60 ($65,182.87). Also, insider Stirling,Mark sold 249,397 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of GBX 165 ($2.15), for a total transaction of £411,505.05 ($537,142.74).
Londonmetric Property PLC Company Profile
LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.
Receive News & Stock Ratings for Londonmetric Property PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Londonmetric Property PLC and related stocks with our FREE daily email newsletter.