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.

Londonmetric Property (LON:LMP) last released its earnings results on Wednesday, November 29th. The company reported GBX 4.20 ($0.06) EPS for the quarter, hitting the consensus estimate of GBX 4.20 ($0.06). Londonmetric Property had a net margin of 192.05% and a return on equity of 15.33%. The firm had revenue of GBX 4,063 million for the quarter.

ILLEGAL ACTIVITY NOTICE: “Londonmetric Property (LMP) Lowered to Neutral at JPMorgan Chase & Co.” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/15/londonmetric-property-lmp-lowered-to-neutral-at-jpmorgan-chase-co.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.

Analyst Recommendations for Londonmetric Property (LON:LMP)

Receive News & Ratings for Londonmetric Property Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Londonmetric Property and related companies with MarketBeat.com's FREE daily email newsletter.