LondonMetric Property Plc (LON:LMP) Receives Average Rating of “Moderate Buy” from Brokerages

LondonMetric Property Plc (LON:LMP) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 233.20.

LMP has been the subject of a number of research analyst reports. Shore Capital Group restated a “buy” rating on shares of LondonMetric Property in a research report on Thursday, December 4th. Berenberg Bank lifted their price target on LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Finally, The Goldman Sachs Group cut their price objective on LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating for the company in a report on Monday.

LondonMetric Property Price Performance

Shares of LondonMetric Property stock traded up GBX 1.30 on Monday, hitting GBX 180.40. The company had a trading volume of 8,119,693 shares, compared to its average volume of 38,632,809. The business has a 50-day simple moving average of GBX 200.74 and a 200-day simple moving average of GBX 192.25. The company has a debt-to-equity ratio of 60.64, a current ratio of 0.38 and a quick ratio of 0.81. The company has a market cap of £4.21 billion, a PE ratio of 12.11, a PEG ratio of 3.27 and a beta of 1.00. LondonMetric Property has a 52 week low of GBX 167.10 and a 52 week high of GBX 216.20.

About LondonMetric Property

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.