Liberum Capital reaffirmed their hold rating on shares of Londonmetric Property PLC (LON:LMP) in a report published on Monday morning. They currently have a GBX 170 ($2.22) price objective on the stock.
Several other analysts have also issued reports on LMP. JPMorgan Chase & Co. cut their price objective on Londonmetric Property PLC from GBX 190 ($2.48) to GBX 180 ($2.35) and set an overweight rating for the company in a report on Wednesday, June 22nd. Peel Hunt reiterated an add rating and set a GBX 175 ($2.28) price objective on shares of Londonmetric Property PLC in a report on Wednesday, July 20th. Numis Securities Ltd cut their price objective on Londonmetric Property PLC from GBX 160 ($2.09) to GBX 150 ($1.96) and set a hold rating for the company in a report on Tuesday, August 16th. Jefferies Group increased their price objective on Londonmetric Property PLC from GBX 165 ($2.15) to GBX 172 ($2.25) and gave the stock a hold rating in a report on Friday, August 19th. Finally, Morgan Stanley lowered Londonmetric Property PLC to an underweight rating and increased their price objective for the stock from GBX 145 ($1.89) to GBX 154 ($2.01) in a report on Wednesday, August 31st. One research 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. The stock presently has a consensus rating of Hold and a consensus target price of GBX 174.90 ($2.28).
Londonmetric Property PLC (LON:LMP) opened at 157.5905 on Monday. Londonmetric Property PLC has a 1-year low of GBX 133.90 and a 1-year high of GBX 171.40. The company has a 50 day moving average price of GBX 162.35 and a 200 day moving average price of GBX 159.80. The firm’s market cap is GBX 983.52 million.
The firm also recently declared a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 1st will be given a GBX 1.80 ($0.02) dividend. This represents a dividend yield of 1.08%. The ex-dividend date is Thursday, September 1st.
In other news, insider Stirling,Mark sold 249,397 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of GBX 165 ($2.15), for a total value of £411,505.05 ($537,142.74).
About Londonmetric Property PLC
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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