Londonmetric Property PLC’s (LMP) “Hold” Rating Reaffirmed at Liberum Capital
Londonmetric Property PLC (LON:LMP)‘s stock had its “hold” rating restated by stock analysts at Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 170 ($2.22) price objective on the stock. Liberum Capital’s price target suggests a potential upside of 6.25% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. HSBC lifted their target price on Londonmetric Property PLC from GBX 142 ($1.85) to GBX 163 ($2.13) and gave the stock a “hold” rating in a research note on Friday. Peel Hunt reiterated an “add” rating and set a GBX 175 ($2.28) target price on shares of Londonmetric Property PLC in a research note on Wednesday, July 20th. JPMorgan Chase & Co. lowered their target price on Londonmetric Property PLC from GBX 190 ($2.48) to GBX 180 ($2.35) and set an “overweight” rating on the stock in a research note on Wednesday, June 22nd. Jefferies Group lifted their target price on 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. Finally, Numis Securities Ltd lowered their target price on Londonmetric Property PLC from GBX 160 ($2.09) to GBX 150 ($1.96) and set a “hold” rating on the stock in a research note on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Londonmetric Property PLC has an average rating of “Hold” and a consensus target price of GBX 174.90 ($2.28).
Shares of Londonmetric Property PLC (LON:LMP) opened at 160.20 on Monday. The firm’s 50-day moving average is GBX 162.60 and its 200-day moving average is GBX 159.88. Londonmetric Property PLC has a 52 week low of GBX 133.90 and a 52 week high of GBX 171.40. The firm’s market capitalization is GBX 999.81 million.
The business also recently declared a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 1st will be given a dividend of GBX 1.80 ($0.02) per share. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, September 1st.
In other Londonmetric Property PLC news, insider Livingston,Andrew acquired 35,669 shares of the business’s stock in a transaction dated Wednesday, July 6th. The stock was bought at an average price of GBX 140 ($1.83) per share, with a total value of £49,936.60 ($65,182.87). Also, insider Stirling,Mark sold 249,397 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of GBX 165 ($2.15), for a total value of £411,505.05 ($537,142.74).
About Londonmetric Property PLC
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.
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