Peel Hunt Reaffirms “Add” Rating for Londonmetric Property (LMP)
A number of other brokerages have also recently issued reports on LMP. Numis Securities restated a hold rating and issued a GBX 163 ($2.19) price objective (down from GBX 172 ($2.31)) on shares of Londonmetric Property in a research note on Wednesday, November 29th. Stifel Nicolaus restated a buy rating and issued a GBX 177 ($2.38) price objective on shares of Londonmetric Property in a research note on Thursday, November 30th. J P Morgan Chase & Co restated an overweight rating and issued a GBX 195 ($2.62) price objective on shares of Londonmetric Property in a research note on Thursday, November 30th. Jefferies Group restated a hold rating and issued a GBX 190 ($2.56) price objective on shares of Londonmetric Property in a research note on Thursday, November 30th. Finally, Liberum Capital restated a hold rating and issued a GBX 170 ($2.29) price objective on shares of Londonmetric Property in a research note on Wednesday, November 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of GBX 181.43 ($2.44).
Londonmetric Property (LMP) opened at GBX 174.90 ($2.35) on Tuesday. Londonmetric Property has a fifty-two week low of GBX 139.80 ($1.88) and a fifty-two week high of GBX 183.70 ($2.47).
The business also recently declared a dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 7th will be given a dividend of GBX 1.85 ($0.02) per share. This represents a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, December 7th.
In related news, insider Martin McGann purchased 92,764 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were purchased at an average cost of GBX 165 ($2.22) per share, for a total transaction of £153,060.60 ($206,003.50). Over the last quarter, insiders have bought 272,870 shares of company stock worth $45,328,656.
Londonmetric Property 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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