LondonMetric Property Plc (LON:LMP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of LondonMetric Property Plc (LON:LMPGet Free Report) have been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 233.20.

A number of equities research analysts have recently weighed in on LMP shares. The Goldman Sachs Group lowered their price objective on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating for the company in a report on Monday, March 30th. Berenberg Bank restated a “buy” rating and issued a GBX 282 price objective on shares of LondonMetric Property in a report on Thursday, May 21st. Shore Capital Group reiterated a “buy” rating on shares of LondonMetric Property in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 230 price target on shares of LondonMetric Property in a research report on Wednesday, May 13th.

Check Out Our Latest Stock Analysis on LMP

LondonMetric Property Trading Up 2.5%

Shares of LMP opened at GBX 185.60 on Friday. The firm has a market cap of £4.33 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 3.27 and a beta of 1.02. The company has a debt-to-equity ratio of 63.49, a quick ratio of 0.81 and a current ratio of 1.78. LondonMetric Property has a fifty-two week low of GBX 175.30 and a fifty-two week high of GBX 216.20. The firm has a 50 day moving average price of GBX 187.99 and a 200-day moving average price of GBX 192.56.

LondonMetric Property (LON:LMPGet Free Report) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 16.21 earnings per share for the quarter. The firm had revenue of £464.60 million during the quarter. LondonMetric Property had a net margin of 63.65% and a return on equity of 6.29%. As a group, equities research analysts forecast that LondonMetric Property will post 13.7260274 earnings per share for the current year.

LondonMetric Property Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for LondonMetric Property (LON:LMP)

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