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).

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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.

Analyst Recommendations for Londonmetric Property PLC (LON:LMP)

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