Londonmetric Property PLC (LON:LMP) Given Average Rating of “Hold” by Analysts
Shares of Londonmetric Property PLC (LON:LMP) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 169.57 ($2.21).
LMP has been the subject of a number of recent analyst reports. Peel Hunt upped their target price on Londonmetric Property PLC from GBX 170 ($2.21) to GBX 180 ($2.34) and gave the company an “add” rating in a report on Wednesday, May 31st. J P Morgan Chase & Co upped their target price on Londonmetric Property PLC from GBX 175 ($2.28) to GBX 195 ($2.54) and gave the company an “overweight” rating in a report on Tuesday, June 20th. Jefferies Group LLC upped their target price on Londonmetric Property PLC from GBX 170 ($2.21) to GBX 185 ($2.41) and gave the company a “hold” rating in a report on Thursday, June 1st. HSBC Holdings plc upgraded Londonmetric Property PLC to a “buy” rating and upped their target price for the company from GBX 163 ($2.12) to GBX 166 ($2.16) in a report on Thursday, March 30th. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 152 ($1.98) target price on shares of Londonmetric Property PLC in a report on Wednesday, May 31st.
In other news, insider Mark Stirling acquired 12,047 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was acquired at an average price of GBX 171 ($2.23) per share, for a total transaction of £20,600.37 ($26,837.38). Also, insider Martin McGann sold 164,383 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of GBX 172 ($2.24), for a total value of £282,738.76 ($368,341.27).
ILLEGAL ACTIVITY WARNING: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/07/25/londonmetric-property-plc-lonlmp-given-average-rating-of-hold-by-analysts.html.
Londonmetric Property PLC (LON LMP) traded down 0.48% on Tuesday, reaching GBX 166.50. 724,746 shares of the company’s stock traded hands. The firm’s market cap is GBX 1.15 billion. The firm’s 50-day moving average is GBX 168.41 and its 200 day moving average is GBX 160.34. Londonmetric Property PLC has a 12 month low of GBX 138.30 and a 12 month high of GBX 175.20.
The company also recently disclosed a dividend, which was paid on Monday, July 10th. Shareholders of record on Thursday, June 8th were issued a GBX 2.10 ($0.03) dividend. This is an increase from Londonmetric Property PLC’s previous dividend of $1.80. The ex-dividend date of this dividend was Thursday, June 8th. This represents a yield of 1.25%.
Londonmetric Property PLC Company Profile
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.
Receive News & Ratings for Londonmetric Property PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Londonmetric Property PLC and related companies with MarketBeat.com's FREE daily email newsletter.