Londonmetric Property PLC (LMP) Given Average Recommendation of “Hold” by Analysts
Londonmetric Property PLC (LON:LMP) has been given an average rating of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 174 ($2.30).
Several equities research analysts have recently weighed in on the company. Peel Hunt reiterated an “add” rating and set a GBX 180 ($2.38) price target on shares of Londonmetric Property PLC in a research report on Wednesday, August 9th. Liberum Capital reiterated a “hold” rating and set a GBX 155 ($2.05) price target on shares of Londonmetric Property PLC in a research report on Monday, October 2nd. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 163 ($2.15) price objective on shares of Londonmetric Property PLC in a research report on Thursday, October 19th.
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The company also recently announced a dividend, which was paid on Friday, October 6th. Shareholders of record on Thursday, August 31st were paid a GBX 1.85 ($0.02) dividend. This represents a yield of 1.1%. The ex-dividend date was Thursday, August 31st.
In other news, insider Martin McGann bought 62,500 shares of the business’s stock in a transaction on Friday, September 29th. The stock was acquired at an average price of GBX 167 ($2.20) per share, with a total value of £104,375 ($137,734.23). In the last ninety days, insiders acquired 272,870 shares of company stock valued at $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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