Londonmetric Property PLC (LMP) Rating Reiterated by Numis Securities Ltd
Londonmetric Property PLC (LON:LMP)‘s stock had its “hold” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued on Wednesday. They presently have a GBX 150 ($1.86) price target on the stock. Numis Securities Ltd’s price target suggests a potential upside of 2.88% from the stock’s previous close.
A number of other research firms also recently issued reports on LMP. HSBC lifted their price target on Londonmetric Property PLC from GBX 142 ($1.76) to GBX 163 ($2.02) and gave the company a “hold” rating in a research note on Friday, September 30th. Jefferies Group upgraded Londonmetric Property PLC to a “buy” rating and set a GBX 172 ($2.13) target price on the stock in a research note on Thursday, October 27th. Peel Hunt restated an “add” rating and issued a GBX 170 ($2.11) target price on shares of Londonmetric Property PLC in a research note on Wednesday. Liberum Capital restated a “hold” rating and issued a GBX 170 ($2.11) target price on shares of Londonmetric Property PLC in a research note on Monday, October 3rd. Finally, Morgan Stanley downgraded Londonmetric Property PLC to an “underweight” rating and boosted their target price for the stock from GBX 145 ($1.80) to GBX 154 ($1.91) in a research note on Wednesday, August 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Londonmetric Property PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 170.44 ($2.11).
Shares of Londonmetric Property PLC (LON:LMP) opened at 143.8038 on Wednesday. Londonmetric Property PLC has a 12 month low of GBX 133.90 and a 12 month high of GBX 167.80. The company’s 50-day moving average price is GBX 147.69 and its 200-day moving average price is GBX 156.35. The firm’s market cap is GBX 897.48 million.
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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