LondonMetric Property (LON:LMP) Given Buy Rating at Berenberg Bank

LondonMetric Property (LON:LMP)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 282 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 49.36% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 230 price target on shares of LondonMetric Property in a research note on Wednesday, May 13th. The Goldman Sachs Group cut their price target on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating for the company in a research note on Monday, March 30th. Finally, Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 233.20.

LondonMetric Property Price Performance

LMP stock opened at GBX 188.80 on Thursday. The company has a debt-to-equity ratio of 60.64, a current ratio of 0.38 and a quick ratio of 0.81. LondonMetric Property has a one year low of GBX 175.30 and a one year high of GBX 216.20. The stock has a market cap of £4.41 billion, a PE ratio of 12.67, a P/E/G ratio of 3.27 and a beta of 1.02. The firm has a 50 day simple moving average of GBX 188.83 and a two-hundred day simple moving average of GBX 193.31.

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.