Londonmetric Property PLC (LON:LMP) had its price target lifted by HSBC from GBX 142 ($1.85) to GBX 163 ($2.13) in a research report sent to investors on Friday. They currently have a hold rating on the stock.
Other analysts have also recently issued reports about the stock. Morgan Stanley cut shares of Londonmetric Property PLC to an underweight rating and raised their price target for the company from GBX 145 ($1.89) to GBX 154 ($2.01) in a report on Wednesday, August 31st. Jefferies Group raised their price target on shares of Londonmetric Property PLC from GBX 165 ($2.15) to GBX 172 ($2.25) and gave the company a hold rating in a report on Friday, August 19th. Numis Securities Ltd lowered their price target on shares of Londonmetric Property PLC from GBX 160 ($2.09) to GBX 150 ($1.96) and set a hold rating on the stock in a report on Tuesday, August 16th. Peel Hunt restated an add rating and issued a GBX 175 ($2.28) price target on shares of Londonmetric Property PLC in a report on Wednesday, July 20th. Finally, Liberum Capital lowered their price target on shares of Londonmetric Property PLC from GBX 176 ($2.30) to GBX 170 ($2.22) and set a hold rating on the stock in a report on Monday, July 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Londonmetric Property PLC has an average rating of Hold and an average price target of GBX 174.90 ($2.28).
Shares of Londonmetric Property PLC (LON:LMP) traded up 0.68% during mid-day trading on Friday, reaching GBX 161.08. 548,210 shares of the company traded hands. Londonmetric Property PLC has a 52 week low of GBX 133.90 and a 52 week high of GBX 171.40. The firm’s market capitalization is GBX 1.01 billion. The firm has a 50-day moving average price of GBX 162.60 and a 200 day moving average price of GBX 159.88.
The firm also recently declared a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 1st will be given a dividend of GBX 1.80 ($0.02) per share. This represents a yield of 1.08%. The ex-dividend date of this dividend is Thursday, September 1st.
In other Londonmetric Property PLC news, insider Livingston,Andrew purchased 35,669 shares of Londonmetric Property PLC stock in a transaction on Wednesday, July 6th. The stock was bought at an average cost of GBX 140 ($1.83) per share, with a total value of £49,936.60 ($65,182.87). Also, insider Stirling,Mark sold 249,397 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of GBX 165 ($2.15), for a total transaction of £411,505.05 ($537,142.74).
Londonmetric Property PLC Company Profile
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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