Brokerages Set Londonmetric Property PLC (LON:LMP) Price Target at $174.90
Londonmetric Property PLC (LON:LMP) has been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 174.90 ($2.28).
Several research analysts have weighed in on LMP shares. Morgan Stanley lowered shares of Londonmetric Property PLC to an “underweight” rating and upped their target price for the stock from GBX 145 ($1.89) to GBX 154 ($2.01) in a research report on Wednesday, August 31st. Liberum Capital reaffirmed a “hold” rating and issued a GBX 170 ($2.22) price target on shares of Londonmetric Property PLC in a report on Monday, October 3rd. HSBC upped their price target on shares of Londonmetric Property PLC from GBX 142 ($1.85) to GBX 163 ($2.13) and gave the company a “hold” rating in a report on Friday, September 30th. JPMorgan Chase & Co. reduced their price target on shares of Londonmetric Property PLC from GBX 190 ($2.48) to GBX 180 ($2.35) and set an “overweight” rating on the stock in a report on Wednesday, June 22nd. Finally, Numis Securities Ltd reduced their price target on shares of Londonmetric Property PLC from GBX 160 ($2.09) to GBX 150 ($1.96) and set a “hold” rating on the stock in a report on Tuesday, August 16th.
Shares of Londonmetric Property PLC (LON:LMP) opened at 152.00 on Thursday. The company has a 50-day moving average of GBX 161.95 and a 200 day moving average of GBX 159.72. Londonmetric Property PLC has a 12-month low of GBX 133.90 and a 12-month high of GBX 171.40. The firm’s market cap is GBX 948.63 million.
The business also recently declared a dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 1st were paid a dividend of GBX 1.80 ($0.02) per share. This represents a yield of 1.08%. The ex-dividend date was Thursday, September 1st.
In other Londonmetric Property PLC news, insider Stirling,Mark sold 249,397 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of GBX 165 ($2.15), for a total transaction 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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