Liberum Capital Reiterates Hold Rating for Londonmetric Property PLC (LMP)
Londonmetric Property PLC (LON:LMP)‘s stock had its “hold” rating reaffirmed by investment analysts at Liberum Capital in a note issued to investors on Monday. They currently have a GBX 142 ($2.43) target price on the stock. Liberum Capital’s price objective would indicate a potential upside of 1.14% from the company’s current price.
Shares of Londonmetric Property PLC (LON:LMP) traded down 0.21% during mid-day trading on Monday, hitting GBX 140.10. 213,939 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 148.50. 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 £876.7 million.
The company also recently announced a dividend, which is scheduled for Monday, July 21st. Shareholders 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oriel Securities Ltd upgraded shares of Londonmetric Property PLC to an “add” rating in a research note on Friday. Finally, analysts at Jefferies Group raised their price target on shares of Londonmetric Property PLC from GBX 140 ($2.40) to GBX 143 ($2.45) in a research note on Monday, June 9th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued 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 target price of GBX 136.17 ($2.33).
Londonmetric Property PLC, formerly London & Stamford Property Plc, is a United Kingdom-based real estate investment trust (LON:LMP).
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