LondonMetric Property Plc (LON:LMP) Given Average Recommendation of “Moderate Buy” by Brokerages

LondonMetric Property Plc (LON:LMP) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 227.20.

LMP has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 230 target price on shares of LondonMetric Property in a research report on Wednesday, May 13th. Berenberg Bank lowered their price target on shares of LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating for the company in a report on Wednesday, June 17th. Finally, Shore Capital Group reiterated a “buy” rating on shares of LondonMetric Property in a research note on Tuesday, May 12th.

LondonMetric Property Trading Down 2.0%

LMP opened at GBX 190.80 on Thursday. The company’s 50 day moving average is GBX 191.49 and its 200-day moving average is GBX 192.27. LondonMetric Property has a 1-year low of GBX 175.30 and a 1-year high of GBX 216.20. The company has a current ratio of 1.78, a quick ratio of 0.81 and a debt-to-equity ratio of 63.49. The company has a market cap of £4.47 billion, a P/E ratio of 14.68, a PEG ratio of 3.27 and a beta of 1.02.

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.