Analysts Set Londonmetric Property PLC (LON:LMP) PT at $169.57
Shares of Londonmetric Property PLC (LON:LMP) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 169.57 ($2.21).
Several research analysts have commented on LMP shares. Peel Hunt raised their target price on shares of Londonmetric Property PLC from GBX 170 ($2.21) to GBX 180 ($2.34) and gave the stock an “add” rating in a report on Wednesday, May 31st. HSBC Holdings plc upgraded shares of Londonmetric Property PLC to a “buy” rating and raised their target price for the stock from GBX 163 ($2.12) to GBX 166 ($2.16) in a report on Thursday, March 30th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 152 ($1.98) target price on shares of Londonmetric Property PLC in a report on Wednesday, May 31st. Jefferies Group LLC raised their target price on shares of Londonmetric Property PLC from GBX 160 ($2.08) to GBX 170 ($2.21) and gave the stock a “hold” rating in a report on Wednesday, April 26th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 155 ($2.02) target price on shares of Londonmetric Property PLC in a report on Tuesday, June 27th.
In related news, insider Martin McGann sold 164,383 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of GBX 172 ($2.24), for a total transaction of £282,738.76 ($368,341.27). Also, insider Patrick Vaughan sold 15,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of GBX 169 ($2.20), for a total transaction of £26,195 ($34,125.85).
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Shares of Londonmetric Property PLC (LON LMP) traded down 0.65% during mid-day trading on Tuesday, hitting GBX 167.60. 601,469 shares of the company’s stock traded hands. Londonmetric Property PLC has a 1-year low of GBX 138.30 and a 1-year high of GBX 175.20. The stock has a 50 day moving average price of GBX 168.46 and a 200-day moving average price of GBX 160.82. The stock’s market cap is GBX 1.15 billion.
The company also recently announced a dividend, which was paid on Monday, July 10th. Shareholders of record on Thursday, June 8th were issued a GBX 2.10 ($0.03) dividend. This represents a dividend yield of 1.25%. This is a boost from Londonmetric Property PLC’s previous dividend of $1.80. The ex-dividend date was Thursday, June 8th.
Londonmetric Property PLC Company Profile
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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