Londonmetric Property PLC’s (LMP) “Hold” Rating Reaffirmed at Liberum Capital
A number of other brokerages have also recently commented on LMP. HSBC increased their price target on shares of Londonmetric Property PLC from GBX 142 ($1.85) to GBX 163 ($2.13) and gave the company a hold rating in a research note on Friday. JPMorgan Chase & Co. cut their price target on shares of Londonmetric Property PLC from GBX 190 ($2.48) to GBX 180 ($2.35) and set an overweight rating for the company in a research note on Wednesday, June 22nd. Numis Securities Ltd cut their price target on shares of Londonmetric Property PLC from GBX 160 ($2.09) to GBX 150 ($1.96) and set a hold rating for the company in a research note on Tuesday, August 16th. Jefferies Group increased their price target on shares of Londonmetric Property PLC from GBX 165 ($2.15) to GBX 172 ($2.25) and gave the company a hold rating in a research note on Friday, August 19th. Finally, Morgan Stanley cut shares of Londonmetric Property PLC to an underweight rating and increased their price target for the company from GBX 145 ($1.89) to GBX 154 ($2.01) in a research note on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 174.90 ($2.28).
Londonmetric Property PLC (LON:LMP) traded up 0.7881% during trading on Monday, reaching GBX 162.7727. 969,632 shares of the company’s stock were exchanged. Londonmetric Property PLC has a 52-week low of GBX 133.90 and a 52-week high of GBX 171.40. The stock’s 50 day moving average price is GBX 162.53 and its 200 day moving average price is GBX 159.83. The firm’s market cap is GBX 1.02 billion.
The business also recently announced a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 1st will be paid a dividend of GBX 1.80 ($0.02) per share. This represents a dividend yield of 1.08%. The ex-dividend date is Thursday, September 1st.
In other news, insider Stirling,Mark sold 249,397 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of GBX 165 ($2.15), for a total transaction of £411,505.05 ($537,142.74). Also, insider Livingston,Andrew bought 35,669 shares of the business’s stock in a transaction dated Wednesday, July 6th. The shares were bought at an average price of GBX 140 ($1.83) per share, with a total value of £49,936.60 ($65,182.87).
About Londonmetric Property PLC
LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.
Receive News & Ratings for Londonmetric Property PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Londonmetric Property PLC and related companies with MarketBeat.com's FREE daily email newsletter.