Berenberg Bank Forecasts Strong Price Appreciation for LondonMetric Property (LON:LMP) Stock

LondonMetric Property (LON:LMP) had its target price lifted by stock analysts at Berenberg Bank from GBX 269 to GBX 282 in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 40.02% from the company’s current price.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group increased their target price on shares of LondonMetric Property from GBX 219 to GBX 224 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Shore Capital reissued a “buy” rating on shares of LondonMetric Property in a report on Thursday, December 4th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 240 target price on shares of LondonMetric Property in a research report on Tuesday, November 18th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 244.

LondonMetric Property Stock Up 0.6%

Shares of LON:LMP opened at GBX 201.40 on Tuesday. LondonMetric Property has a 1 year low of GBX 167.10 and a 1 year high of GBX 207. The company has a market capitalization of £4.70 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The business has a fifty day moving average price of GBX 190.56 and a two-hundred day moving average price of GBX 188.79. The company has a debt-to-equity ratio of 53.84, a current ratio of 0.68 and a quick ratio of 0.81.

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