Analysts Set Londonmetric Property PLC (LMP) PT at $174.67
Shares of Londonmetric Property PLC (LON:LMP) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 174.67 ($2.26).
A number of analysts have recently commented on LMP shares. Liberum Capital boosted their target price on shares of Londonmetric Property PLC from GBX 155 ($2.00) to GBX 170 ($2.20) and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Peel Hunt reissued an “add” rating and set a GBX 180 ($2.32) target price on shares of Londonmetric Property PLC in a research note on Wednesday, August 9th. Numis Securities Ltd reissued a “hold” rating and set a GBX 152 ($1.96) target price on shares of Londonmetric Property PLC in a research note on Wednesday, May 31st. J P Morgan Chase & Co boosted their target price on shares of Londonmetric Property PLC from GBX 175 ($2.26) to GBX 195 ($2.52) and gave the stock an “overweight” rating in a research note on Tuesday, June 20th. Finally, Jefferies Group LLC boosted their target price on shares of Londonmetric Property PLC from GBX 170 ($2.20) to GBX 185 ($2.39) and gave the stock a “hold” rating in a research note on Thursday, June 1st.
Shares of Londonmetric Property PLC (LMP) traded down 0.84% on Wednesday, hitting GBX 165.70. The stock had a trading volume of 1,416,641 shares. The firm’s market cap is GBX 1.14 billion. Londonmetric Property PLC has a 12 month low of GBX 138.30 and a 12 month high of GBX 175.20. The firm’s 50-day moving average price is GBX 167.85 and its 200 day moving average price is GBX 165.13.
The firm also recently disclosed a dividend, which will be paid on Friday, October 6th. Investors of record on Thursday, August 31st will be paid a dividend of GBX 1.85 ($0.02) per share. The ex-dividend date is Thursday, August 31st. This represents a yield of 1.1%.
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In other Londonmetric Property PLC news, insider Mark Stirling acquired 12,047 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was bought at an average price of GBX 171 ($2.21) per share, with a total value of £20,600.37 ($26,605.15).
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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