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

Shares of LondonMetric Property Plc (LON:LMP) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 227.20.

LMP has been the subject of a number of recent research reports. Shore Capital Group reaffirmed a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 230 target price on shares of LondonMetric Property in a research note on Wednesday, May 13th. The Goldman Sachs Group reduced their price objective on LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating for the company in a research report on Monday, March 30th. Finally, Berenberg Bank dropped their target price on LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating on the stock in a research report on Wednesday, June 17th.

LondonMetric Property Price Performance

Shares of LMP opened at GBX 186.96 on Wednesday. LondonMetric Property has a 52 week low of GBX 175.30 and a 52 week 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 firm has a market cap of £4.37 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 3.27 and a beta of 1.01. The stock has a 50 day moving average of GBX 186.42 and a 200-day moving average of GBX 192.75.

LondonMetric Property (LON:LMP) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX 16.21 EPS for the quarter. LondonMetric Property had a net margin of 63.65% and a return on equity of 6.29%. The firm had revenue of £464.60 million during the quarter. As a group, analysts forecast that LondonMetric Property will post 13.7260274 EPS for the current year.

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.