Londonmetric Property PLC (LMP) Receives Consensus Rating of “Hold” from Brokerages
Londonmetric Property PLC (LON:LMP) has earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 180.63 ($2.45).
LMP has been the topic of several recent analyst reports. Peel Hunt reissued an “add” rating and issued a GBX 195 ($2.64) target price on shares of Londonmetric Property in a research 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 research report on Thursday, November 30th. Numis Securities reissued a “hold” rating and issued a GBX 163 ($2.21) target price (down previously from GBX 172 ($2.33)) on shares of Londonmetric Property in a research report on Wednesday, November 29th. Liberum Capital reaffirmed a “hold” rating and set a GBX 170 ($2.31) price target on shares of Londonmetric Property in a research report on Wednesday, November 29th. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 190 ($2.58) price target on shares of Londonmetric Property in a research report on Thursday, November 30th.
Londonmetric Property (LON LMP) traded up GBX 2 ($0.03) during trading on Tuesday, reaching GBX 181 ($2.45). The company had a trading volume of 816,836 shares, compared to its average volume of 1,110,000. The company has a market capitalization of $1,260.00 and a PE ratio of 754.17. Londonmetric Property has a fifty-two week low of GBX 145.50 ($1.97) and a fifty-two week high of GBX 189.10 ($2.56).
The company also recently declared a dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 7th were paid a GBX 1.85 ($0.03) dividend. The ex-dividend date was Thursday, December 7th. This represents a yield of 1.06%.
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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