LondonMetric Property (LON:LMP) Earns Buy Rating from Shore Capital

LondonMetric Property (LON:LMP)‘s stock had its “buy” rating reiterated by equities research analysts at Shore Capital in a research note issued on Thursday, MarketBeat Ratings reports.

Several other research firms have also commented on LMP. Peel Hunt reiterated a “buy” rating and set a GBX 240 price objective on shares of LondonMetric Property in a research note on Tuesday, November 18th. Jefferies Financial Group upped their price objective on shares of LondonMetric Property from GBX 219 to GBX 224 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 269 target price on shares of LondonMetric Property in a research report on Thursday, November 20th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 240.75.

LondonMetric Property Price Performance

LON:LMP opened at GBX 186.50 on Thursday. LondonMetric Property has a 52 week low of GBX 167.10 and a 52 week high of GBX 207. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 53.84. The stock has a market capitalization of £4.35 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The stock’s 50-day moving average price is GBX 188.78 and its 200-day moving average price is GBX 190.98.

LondonMetric Property (LON:LMP) last issued its quarterly earnings results on Thursday, November 20th. The company reported GBX 6.70 earnings per share (EPS) for the quarter. LondonMetric Property had a return on equity of 3.87% and a net margin of 66.69%. As a group, equities analysts expect that LondonMetric Property will post 13.7260274 EPS for the current fiscal year.

About LondonMetric Property

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.