Londonmetric Property (LMP) Lowered to Neutral at JPMorgan Chase & Co.
Londonmetric Property (LON:LMP) was downgraded by stock analysts at JPMorgan Chase & Co. to a “neutral” rating in a research note issued to investors on Monday. They presently have a GBX 200 ($2.71) price objective on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 12.49% from the company’s current price.
Several other equities analysts also recently commented on the stock. Numis Securities reissued a “hold” rating and issued a GBX 172 ($2.33) target price on shares of Londonmetric Property in a report on Tuesday, December 5th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 177 ($2.40) target price on shares of Londonmetric Property in a report on Thursday, November 30th. Jefferies Group reissued a “hold” rating and issued a GBX 190 ($2.58) target price on shares of Londonmetric Property in a report on Thursday, November 30th. Canaccord Genuity boosted their target price on shares of Londonmetric Property from GBX 160 ($2.17) to GBX 175 ($2.37) and gave the stock a “hold” rating in a report on Friday, December 22nd. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 170 ($2.31) target price on shares of Londonmetric Property in a report on Wednesday, November 29th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Londonmetric Property presently has an average rating of “Hold” and an average target price of GBX 180.63 ($2.45).
Londonmetric Property (LMP) opened at GBX 177.80 ($2.41) on Monday. Londonmetric Property has a 1-year low of GBX 145.50 ($1.97) and a 1-year high of GBX 189.10 ($2.56). The company has a market cap of $1,250.00 and a price-to-earnings ratio of 740.83.
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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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