Berenberg Bank Increases LondonMetric Property (LON:LMP) Price Target to GBX 282

LondonMetric Property (LON:LMP) had its price objective lifted by investment analysts at Berenberg Bank from GBX 269 to GBX 282 in a report released on Tuesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 40.86% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Peel Hunt reissued a “buy” rating and set a GBX 240 price objective on shares of LondonMetric Property in a research note on Tuesday, November 18th. Shore Capital reaffirmed a “buy” rating on shares of LondonMetric Property in a research report on Thursday, December 4th. Finally, Jefferies Financial Group lifted their target price on shares of LondonMetric Property from GBX 219 to GBX 224 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 244.

LondonMetric Property Stock Performance

Shares of LMP traded up GBX 0.20 during mid-day trading on Tuesday, reaching GBX 200.20. 6,595,487 shares of the company’s stock traded hands, compared to its average volume of 45,467,555. The company has a debt-to-equity ratio of 53.84, a quick ratio of 0.81 and a current ratio of 0.68. The business’s 50-day moving average price is GBX 190.10 and its 200-day moving average price is GBX 188.66. The stock has a market capitalization of £4.67 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. LondonMetric Property has a 12 month low of GBX 167.10 and a 12 month high of GBX 207.

LondonMetric Property (LON:LMP) last announced its quarterly earnings results on Thursday, November 20th. The company reported GBX 6.70 earnings per share (EPS) for the quarter. LondonMetric Property had a return on equity of 3.87% and a net margin of 66.69%. Equities analysts predict that LondonMetric Property will post 13.7260274 earnings per share 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.