Londonmetric Property (LMP) Rating Reiterated by Peel Hunt
Londonmetric Property (LON:LMP)‘s stock had its “add” rating reissued by Peel Hunt in a note issued to investors on Tuesday. They currently have a GBX 195 ($2.62) price objective on the stock. Peel Hunt’s price target suggests a potential upside of 10.33% from the stock’s previous close.
Other research analysts have also issued reports about the company. Numis Securities restated a “hold” rating and set a GBX 163 ($2.19) price target on shares of Londonmetric Property in a research report on Thursday, October 19th. Liberum Capital restated a “hold” rating and set a GBX 170 ($2.29) price target on shares of Londonmetric Property in a research report on Tuesday, November 21st. Stifel Nicolaus restated a “buy” rating and set a GBX 177 ($2.38) price target on shares of Londonmetric Property in a research report on Thursday, November 30th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 195 ($2.62) price target on shares of Londonmetric Property in a research report on Thursday, November 30th. Finally, Jefferies Group restated a “hold” rating and set a GBX 190 ($2.56) price target on shares of Londonmetric Property in a research report on Thursday, November 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 181.43 ($2.44).
Shares of Londonmetric Property (LON:LMP) traded up GBX 4.14 ($0.06) during trading on Tuesday, reaching GBX 176.74 ($2.38). The company had a trading volume of 2,040,000 shares, compared to its average volume of 1,490,000. Londonmetric Property has a 52 week low of GBX 139.80 ($1.88) and a 52 week high of GBX 183.70 ($2.47).
In related news, insider Martin McGann bought 62,500 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average cost of GBX 167 ($2.25) per share, for a total transaction of £104,375 ($140,477.79). Over the last quarter, insiders purchased 272,870 shares of company stock valued at $45,328,656.
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About Londonmetric Property
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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