Londonmetric Property PLC (LMP) Given Average Rating of “Hold” by Analysts
Shares of Londonmetric Property PLC (LON:LMP) have received an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 169.57 ($2.16).
A number of equities analysts recently commented on the stock. Liberum Capital reaffirmed a “hold” rating and issued a GBX 155 ($1.97) price objective on shares of Londonmetric Property PLC in a research note on Thursday, March 23rd. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 152 ($1.93) price objective on shares of Londonmetric Property PLC in a research note on Wednesday, May 31st. Jefferies Group LLC raised their price objective on shares of Londonmetric Property PLC from GBX 170 ($2.16) to GBX 185 ($2.35) and gave the stock a “hold” rating in a research note on Thursday, June 1st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 175 ($2.23) price objective on shares of Londonmetric Property PLC in a research note on Thursday, June 1st. Finally, HSBC Holdings plc raised shares of Londonmetric Property PLC to a “buy” rating and raised their price objective for the stock from GBX 163 ($2.07) to GBX 166 ($2.11) in a research note on Thursday, March 30th.
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Shares of Londonmetric Property PLC (LON LMP) traded down 0.54% on Friday, reaching GBX 167.10. The company’s stock had a trading volume of 623,998 shares. Londonmetric Property PLC has a 1-year low of GBX 133.90 and a 1-year high of GBX 175.20. The stock has a 50-day moving average of GBX 168.80 and a 200 day moving average of GBX 158.53. The stock’s market capitalization is GBX 1.15 billion.
The company also recently disclosed a dividend, which will be paid on Monday, July 10th. Investors of record on Thursday, June 8th will be paid a GBX 2.10 ($0.03) dividend. This is a positive change from Londonmetric Property PLC’s previous dividend of $1.80. The ex-dividend date of this dividend is Thursday, June 8th. This represents a yield of 1.25%.
In other Londonmetric Property PLC news, insider Martin McGann sold 164,383 shares of Londonmetric Property PLC stock in a transaction on Friday, June 16th. The shares were sold at an average price of GBX 172 ($2.19), for a total transaction of £282,738.76 ($359,627.02). Also, insider Mark Stirling bought 12,047 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were bought at an average cost of GBX 171 ($2.18) per share, with a total value of £20,600.37 ($26,202.45).
About Londonmetric Property PLC
LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.
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