LondonMetric Property (LON:LMP) Given Buy Rating at Berenberg Bank

LondonMetric Property (LON:LMP)‘s stock had its “buy” rating restated by Berenberg Bank in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 282 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 49.36% from the stock’s previous close.

A number of other brokerages have also weighed in on LMP. 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 230 price objective on shares of LondonMetric Property in a report on Wednesday, May 13th. Finally, Shore Capital Group reiterated a “buy” rating on shares of LondonMetric Property in a report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 233.20.

LondonMetric Property Trading Up 0.9%

Shares of LMP opened at GBX 188.80 on Thursday. The firm has a market cap of £4.41 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 3.27 and a beta of 1.02. The company has a debt-to-equity ratio of 60.64, a quick ratio of 0.81 and a current ratio of 0.38. 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 188.83 and a 200-day moving average price of GBX 193.31.

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.