Londonmetric Property PLC Given Hold Rating at Liberum Capital (LMP)
Londonmetric Property PLC (LON:LMP)‘s stock had its “hold” rating restated by Liberum Capital in a research note issued on Tuesday. They currently have a GBX 133 ($2.26) target price on the stock. Liberum Capital’s price target would indicate a potential downside of 1.99% from the stock’s previous close.
Londonmetric Property PLC (LON:LMP) traded down 0.37% during mid-day trading on Tuesday, hitting GBX 135.70. 2,283,835 shares of the company’s stock traded hands. Londonmetric Property PLC has a one year low of GBX 102.50 and a one year 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’s market cap is £849.2 million.
The company also recently announced a dividend, which is scheduled for Monday, July 21st. Stockholders of record on Wednesday, June 11th will be paid a dividend of GBX 3.50 ($0.06) per share. This represents a dividend yield of 2.43%. The ex-dividend date is Wednesday, June 11th.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Londonmetric Property PLC from GBX 140 ($2.38) to GBX 143 ($2.43) in a research note on Monday, June 9th. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Londonmetric Property PLC in a research note on Wednesday, June 4th. Finally, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Londonmetric Property PLC in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Londonmetric Property PLC currently has a consensus rating of “Hold” and an average target price of GBX 131.43 ($2.23).
Londonmetric Property PLC, formerly London & Stamford Property Plc, is a United Kingdom-based real estate investment trust (LON:LMP).
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