Martin McGann Acquires 92,764 Shares of Londonmetric Property PLC (LMP) Stock
Londonmetric Property PLC (LON:LMP) insider Martin McGann purchased 92,764 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were acquired at an average cost of GBX 165 ($2.19) per share, with a total value of £153,060.60 ($203,025.07).
Martin McGann also recently made the following trade(s):
- On Thursday, September 28th, Martin McGann sold 215,576 shares of Londonmetric Property PLC stock. The stock was sold at an average price of GBX 164 ($2.18), for a total transaction of £353,544.64 ($468,954.29).
- On Monday, September 25th, Martin McGann purchased 62,500 shares of Londonmetric Property PLC stock. The shares were acquired at an average cost of GBX 167 ($2.22) per share, with a total value of £104,375 ($138,446.74).
- On Tuesday, September 26th, Martin McGann purchased 55,106 shares of Londonmetric Property PLC stock. The shares were acquired at an average cost of GBX 166 ($2.20) per share, with a total value of £91,475.96 ($121,336.99).
- On Friday, September 29th, Martin McGann purchased 62,500 shares of Londonmetric Property PLC stock. The shares were acquired at an average cost of GBX 167 ($2.22) per share, with a total value of £104,375 ($138,446.74).
Londonmetric Property PLC (LON LMP) opened at 167.00 on Thursday. The firm has a 50-day moving average of GBX 167.25 and a 200-day moving average of GBX 166.40. The stock’s market capitalization is GBX 1.15 billion. Londonmetric Property PLC has a 52-week low of GBX 138.30 and a 52-week high of GBX 175.20.
The company also recently announced a dividend, which will be paid on Friday, October 6th. Investors of record on Thursday, August 31st will be paid a GBX 1.85 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a yield of 1.1%.
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A number of analysts recently weighed in on LMP shares. Peel Hunt reaffirmed an “add” rating and set a GBX 180 ($2.39) price target on shares of Londonmetric Property PLC in a research report on Wednesday, August 9th. Liberum Capital reaffirmed a “hold” rating and set a GBX 155 ($2.06) price target on shares of Londonmetric Property PLC in a research report on Monday. Finally, J P Morgan Chase & Co upped their price target on shares of Londonmetric Property PLC from GBX 175 ($2.32) to GBX 195 ($2.59) and gave the stock an “overweight” rating in a research report on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 172.17 ($2.28).
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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