Londonmetric Property PLC (LMP) Announces Dividend of GBX 1.80
Londonmetric Property PLC (LON:LMP) announced a dividend on Wednesday, November 30th. Stockholders of record on Thursday, December 8th will be given a dividend of GBX 1.80 ($0.02) per share on Wednesday, January 11th. This represents a dividend yield of 1.26%. The ex-dividend date is Thursday, December 8th. The official announcement can be seen at this link.
Londonmetric Property PLC (LON:LMP) traded down 1.92% during mid-day trading on Wednesday, hitting GBX 143.00. 3,967,223 shares of the stock were exchanged. The stock’s market capitalization is GBX 892.46 million. Londonmetric Property PLC has a 12-month low of GBX 133.90 and a 12-month high of GBX 167.80. The firm has a 50-day moving average price of GBX 147.69 and a 200-day moving average price of GBX 156.35.
LMP has been the subject of several analyst reports. Liberum Capital restated a “hold” rating and set a GBX 170 ($2.11) target price on shares of Londonmetric Property PLC in a research report on Monday, October 3rd. Morgan Stanley lowered Londonmetric Property PLC to an “underweight” rating and boosted their price objective for the company from GBX 145 ($1.80) to GBX 154 ($1.91) in a research report on Wednesday, August 31st. HSBC boosted their price objective on Londonmetric Property PLC from GBX 142 ($1.76) to GBX 163 ($2.02) and gave the company a “hold” rating in a research report on Friday, September 30th. Numis Securities Ltd decreased their price objective on Londonmetric Property PLC from GBX 160 ($1.98) to GBX 150 ($1.86) and set a “hold” rating for the company in a research report on Tuesday, August 16th. Finally, Jefferies Group upgraded Londonmetric Property PLC to a “buy” rating and set a GBX 172 ($2.13) price objective for the company in a research report on Thursday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 170.44 ($2.11).
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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.
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