LondonMetric Property Plc (LON:LMP) Given Consensus Rating of “Moderate Buy” by Analysts

LondonMetric Property Plc (LON:LMP) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 227.20.

Several research analysts recently commented on LMP shares. The Goldman Sachs Group cut their price target on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating on the stock in a report on Monday, March 30th. Berenberg Bank dropped their price objective on shares of LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 230 target price on shares of LondonMetric Property in a report on Wednesday, May 13th. Finally, Shore Capital Group restated a “buy” rating on shares of LondonMetric Property in a report on Tuesday, May 12th.

LondonMetric Property Trading Down 1.1%

Shares of LMP opened at GBX 186.96 on Wednesday. LondonMetric Property has a twelve month low of GBX 175.30 and a twelve month high of GBX 216.20. The firm has a market capitalization of £4.37 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 3.27 and a beta of 1.01. The company has a current ratio of 1.78, a quick ratio of 0.81 and a debt-to-equity ratio of 63.49. The stock’s fifty day simple moving average is GBX 186.42 and its 200 day simple moving average is GBX 192.75.

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

LondonMetric Property Company Profile

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.