Londonmetric Property PLC’s (LMP) “Hold” Rating Reaffirmed at Numis Securities Ltd
Londonmetric Property PLC (LON:LMP)‘s stock had its “hold” rating reiterated by investment analysts at Numis Securities Ltd in a research note issued on Thursday. They presently have a GBX 163 ($2.17) target price on the stock. Numis Securities Ltd’s target price would suggest a potential downside of 7.65% from the company’s previous close.
A number of other equities analysts have also commented on the stock. Peel Hunt reaffirmed an “add” rating and set a GBX 180 ($2.39) price target on shares of Londonmetric Property PLC in a research report on Monday, October 2nd. Liberum Capital reaffirmed a “hold” rating and set a GBX 155 ($2.06) price target on shares of Londonmetric Property PLC in a research report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Londonmetric Property PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 174 ($2.31).
Shares of Londonmetric Property PLC (LON:LMP) traded down 0.45% during mid-day trading on Thursday, hitting GBX 176.50. 914,789 shares of the stock traded hands. Londonmetric Property PLC has a one year low of GBX 138.30 and a one year high of GBX 177.50. The firm’s market capitalization is GBX 1.21 billion. The company’s 50 day moving average is GBX 168.33 and its 200 day moving average is GBX 167.68.
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In related news, insider Martin McGann purchased 92,764 shares of Londonmetric Property PLC stock in a transaction dated Wednesday, September 27th. The shares were bought at an average cost of GBX 165 ($2.19) per share, for a total transaction of £153,060.60 ($203,375.76). Over the last 90 days, insiders bought 272,870 shares of company stock worth $45,328,656.
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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