LondonMetric Property (LON:LMP – Get Free Report) issued its earnings results on Thursday. The company reported GBX 6.70 earnings per share for the quarter, Digital Look Earnings reports. LondonMetric Property had a net margin of 66.69% and a return on equity of 3.87%.
LondonMetric Property Stock Down 1.2%
Shares of LON:LMP traded down GBX 2.20 during trading on Thursday, reaching GBX 186.60. 48,632,688 shares of the stock were exchanged, compared to its average volume of 15,469,194. LondonMetric Property has a 1-year low of GBX 167.10 and a 1-year high of GBX 207. The firm has a market cap of £4.35 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The stock has a fifty day moving average of GBX 186.76 and a two-hundred day moving average of GBX 191.35. The company has a debt-to-equity ratio of 53.84, a current ratio of 0.68 and a quick ratio of 0.81.
Analysts Set New Price Targets
Several research firms have commented on LMP. Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a research report on Wednesday. Jefferies Financial Group boosted their target price on shares of LondonMetric Property from GBX 219 to GBX 224 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Peel Hunt restated a “buy” rating and set a GBX 240 price target on shares of LondonMetric Property in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 231.33.
LondonMetric Property Company Profile
LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.
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