HSBC Boosts Londonmetric Property PLC (LMP) Price Target to GBX 163
Other equities research analysts have also recently issued reports about the stock. Peel Hunt restated an add rating and set a GBX 175 ($2.28) price objective on shares of Londonmetric Property PLC in a research note on Wednesday, July 20th. Jefferies Group lifted their price objective 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. Numis Securities Ltd cut their price objective on shares of Londonmetric Property PLC from GBX 160 ($2.09) to GBX 150 ($1.96) and set a hold rating on the stock in a research note on Tuesday, August 16th. Liberum Capital cut their price objective on shares of Londonmetric Property PLC from GBX 176 ($2.30) to GBX 170 ($2.22) and set a hold rating on the stock in a research note on Monday, July 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Londonmetric Property PLC from GBX 190 ($2.48) to GBX 180 ($2.35) and set an overweight rating on the stock in a research note on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 174.90 ($2.28).
Londonmetric Property PLC (LON:LMP) opened at 159.90 on Friday. The firm’s market capitalization is GBX 997.93 million. Londonmetric Property PLC has a 52-week low of GBX 133.90 and a 52-week high of GBX 171.40. The company’s 50-day moving average is GBX 162.45 and its 200-day moving average is GBX 159.79.
The firm also recently declared a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 1st will be given a GBX 1.80 ($0.02) dividend. This represents a yield of 1.08%. The ex-dividend date is Thursday, September 1st.
In other Londonmetric Property PLC news, insider Stirling,Mark sold 249,397 shares of the business’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 value of £411,505.05 ($537,142.74).
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.
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