Londonmetric Property PLC Price Target Raised to GBX 143 at Jefferies Group (LMP)
Equities research analysts at Jefferies Group raised their target price on shares of Londonmetric Property PLC (LON:LMP) from GBX 140 ($2.35) to GBX 143 ($2.40) in a research note issued to investors on Monday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential downside of 1.04% from the company’s current price.
Londonmetric Property PLC (LON:LMP) traded down 1.79% during mid-day trading on Monday, hitting GBX 142.40. 509,462 shares of the company’s stock traded hands. Londonmetric Property PLC has a 52-week low of GBX 102.50 and a 52-week high of GBX 150.00. The stock has a 50-day moving average of GBX 143.3 and a 200-day moving average of GBX 134..
The company also recently declared a dividend, which is scheduled for Monday, July 21st. Investors of record on Wednesday, June 11th will be given a dividend of GBX 3.50 ($0.06) per share. This represents a yield of 2.43%. The ex-dividend date of this dividend is Wednesday, June 11th.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Londonmetric Property PLC in a research note on Wednesday, June 4th. Separately, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Londonmetric Property PLC in a research note on Tuesday, June 3rd. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Londonmetric Property PLC in a research note on Monday, June 2nd. They now have a GBX 133 ($2.24) price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 131.43 ($2.21).
Londonmetric Property PLC, formerly London & Stamford Property Plc, is a United Kingdom-based real estate investment trust (LON:LMP).
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