Londonmetric Property PLC (LMP) Given Average Rating of “Hold” by Brokerages
Londonmetric Property PLC (LON:LMP) has been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 173.40 ($2.17).
Several brokerages have recently issued reports on LMP. Liberum Capital lowered their price objective on shares of Londonmetric Property PLC from GBX 170 ($2.12) to GBX 155 ($1.94) and set a “hold” rating for the company in a research note on Tuesday, November 1st. Jefferies Group raised shares of Londonmetric Property PLC to a “buy” rating and set a GBX 172 ($2.15) price objective for the company in a research note on Thursday, October 27th. HSBC boosted their price objective on shares of Londonmetric Property PLC from GBX 142 ($1.77) to GBX 163 ($2.04) and gave the company a “hold” rating in a research note on Friday, September 30th. Morgan Stanley cut shares of Londonmetric Property PLC to an “underweight” rating and boosted their price objective for the company from GBX 145 ($1.81) to GBX 154 ($1.92) in a research note on Wednesday, August 31st. Finally, Numis Securities Ltd lowered their price objective on shares of Londonmetric Property PLC from GBX 160 ($2.00) to GBX 150 ($1.87) and set a “hold” rating for the company in a research note on Tuesday, August 16th.
In other Londonmetric Property PLC news, insider Stirling,Mark sold 249,397 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of GBX 165 ($2.06), for a total value of £411,505.05 ($514,124.25).
Londonmetric Property PLC (LON:LMP) opened at 144.80 on Thursday. Londonmetric Property PLC has a one year low of GBX 133.90 and a one year high of GBX 168.00. The stock’s market cap is GBX 903.69 million. The firm’s 50 day moving average price is GBX 151.74 and its 200 day moving average price is GBX 157.48.
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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