LondonMetric Property Plc (OTCMKTS:LNSPF) Receives Average Rating of “Buy” from Brokerages

LondonMetric Property Plc (OTCMKTS:LNSPFGet Rating) has been given a consensus rating of “Buy” by the eight research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $316.00.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada raised shares of LondonMetric Property from a “sector perform” rating to an “outperform” rating and set a $325.00 price objective for the company in a research report on Friday, January 14th. Morgan Stanley upped their price objective on shares of LondonMetric Property from GBX 310 ($3.82) to GBX 320 ($3.95) in a research report on Monday, March 28th. Liberum Capital raised shares of LondonMetric Property to a “buy” rating and set a $295.00 price objective for the company in a research report on Tuesday, February 1st. Barclays reiterated a “buy” rating and issued a $320.00 target price on shares of LondonMetric Property in a research note on Tuesday, April 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of LondonMetric Property from GBX 305 ($3.76) to GBX 320 ($3.95) in a research note on Friday, April 29th.

LNSPF stock remained flat at $$2.82 during trading on Friday. LondonMetric Property has a 12-month low of $2.82 and a 12-month high of $4.03. The business has a fifty day moving average of $3.38 and a 200-day moving average of $3.59.

LondonMetric Property Company Profile (Get Rating)

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.

Further Reading

Analyst Recommendations for LondonMetric Property (OTCMKTS:LNSPF)

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