Londonmetric Property PLC’s “Hold” Rating Reaffirmed at Liberum Capital (LMP)
Londonmetric Property PLC (LON:LMP)‘s stock had its “hold” rating restated by equities researchers at Liberum Capital in a research report issued on Monday. They currently have a GBX 142 ($2.42) price target on the stock. Liberum Capital’s target price would indicate a potential upside of 5.19% from the stock’s previous close.
Londonmetric Property PLC (LON:LMP) traded up 0.52% on Monday, hitting GBX 135.70. 94,959 shares of the company’s stock traded hands. Londonmetric Property PLC has a 52 week low of GBX 103.70 and a 52 week high of GBX 150.00. The stock’s 50-day moving average is GBX 143.3 and its 200-day moving average is 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.
A number of other firms have also recently commented on LMP. Analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Londonmetric Property PLC in a research note on Monday, June 23rd. Separately, analysts at Jefferies Group raised their price target on shares of Londonmetric Property PLC from GBX 140 ($2.38) to GBX 143 ($2.44) in a research note on Monday, June 9th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Londonmetric Property PLC in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 136.17 ($2.32).
Londonmetric Property PLC, formerly London & Stamford Property Plc, is a United Kingdom-based real estate investment trust (LON:LMP).
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