LondonMetric Property (LON:LMP) Price Target Cut to GBX 252 by Analysts at Berenberg Bank

LondonMetric Property (LON:LMP) had its price objective lowered by equities researchers at Berenberg Bank from GBX 282 to GBX 252 in a report issued on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 37.11% from the company’s current price.

Several other analysts have also recently issued reports on LMP. Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, May 12th. The Goldman Sachs Group reduced their price target on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 230 price target on shares of LondonMetric Property in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, LondonMetric Property currently has a consensus rating of “Moderate Buy” and an average target price of GBX 227.20.

LondonMetric Property Stock Down 1.1%

Shares of LMP opened at GBX 183.80 on Wednesday. The stock has a market capitalization of £4.29 billion, a PE ratio of 14.14, a P/E/G ratio of 3.27 and a beta of 1.02. LondonMetric Property has a 1 year low of GBX 175.30 and a 1 year high of GBX 216.20. The company has a debt-to-equity ratio of 63.49, a quick ratio of 0.81 and a current ratio of 1.78. The company’s 50-day simple moving average is GBX 187.92 and its 200-day simple moving average is GBX 192.57.

LondonMetric Property (LON:LMP) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 16.21 earnings per share (EPS) for the quarter. The business had revenue of £464.60 million for the quarter. LondonMetric Property had a net margin of 63.65% and a return on equity of 6.29%. Analysts forecast that LondonMetric Property will post 13.7260274 earnings per share for the current fiscal 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.