Londonmetric Property PLC (LMP) Insider Martin McGann Sells 215,576 Shares
Londonmetric Property PLC (LON:LMP) insider Martin McGann sold 215,576 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of GBX 164 ($2.18), for a total transaction of £353,544.64 ($468,954.29).
Martin McGann also recently made the following trade(s):
- On Monday, September 25th, Martin McGann bought 62,500 shares of Londonmetric Property PLC stock. The shares were bought at an average cost of GBX 167 ($2.22) per share, with a total value of £104,375 ($138,446.74).
- On Tuesday, September 26th, Martin McGann bought 55,106 shares of Londonmetric Property PLC stock. The shares were bought at an average cost of GBX 166 ($2.20) per share, with a total value of £91,475.96 ($121,336.99).
- On Wednesday, September 27th, Martin McGann bought 92,764 shares of Londonmetric Property PLC stock. The shares were bought at an average cost of GBX 165 ($2.19) per share, with a total value of £153,060.60 ($203,025.07).
- On Friday, September 29th, Martin McGann purchased 62,500 shares of Londonmetric Property PLC stock. The stock was bought at an average price of GBX 167 ($2.22) per share, for a total transaction of £104,375 ($138,446.74).
Shares of Londonmetric Property PLC (LON:LMP) opened at 166.30 on Wednesday. The stock’s 50 day moving average price is GBX 167.26 and its 200-day moving average price is GBX 166.40. Londonmetric Property PLC has a 12-month low of GBX 138.30 and a 12-month high of GBX 175.20. The firm’s market cap is GBX 1.14 billion.
The company also recently disclosed a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, August 31st will be issued a dividend of GBX 1.85 ($0.02) per share. This represents a yield of 1.1%. The ex-dividend date is Thursday, August 31st.
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Several research analysts have weighed in on LMP shares. J P Morgan Chase & Co increased their price target on shares of Londonmetric Property PLC from GBX 175 ($2.32) to GBX 195 ($2.59) and gave the company an “overweight” rating in a report on Tuesday, June 20th. Peel Hunt restated an “add” rating and set a GBX 180 ($2.39) price objective on shares of Londonmetric Property PLC in a research report on Monday. Finally, Liberum Capital restated a “hold” rating and set a GBX 155 ($2.06) price objective on shares of Londonmetric Property PLC in a research report on Monday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 172.17 ($2.28).
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.
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