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.
ILLEGAL ACTIVITY NOTICE: “Londonmetric Property (LMP) Rating Reiterated by Peel Hunt” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/10/londonmetric-property-lmp-rating-reiterated-by-peel-hunt.html.
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.
Receive News & Ratings for Londonmetric Property PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Londonmetric Property PLC and related companies with MarketBeat.com's FREE daily email newsletter.