LondonMetric Property (LON:LMP) Price Target Cut to GBX 252 by Analysts at Berenberg Bank

LondonMetric Property (LON:LMP) had its price target reduced by Berenberg Bank from GBX 282 to GBX 252 in a research report issued on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 37.11% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group cut their price objective 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 230 price objective on shares of LondonMetric Property in a report on Wednesday, May 13th. Finally, Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, LondonMetric Property currently has a consensus rating of “Moderate Buy” and an average price target of GBX 227.20.

LondonMetric Property Stock Down 1.1%

LMP stock opened at GBX 183.80 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 0.81 and a debt-to-equity ratio of 63.49. LondonMetric Property has a twelve month low of GBX 175.30 and a twelve month high of GBX 216.20. The company’s 50 day moving average is GBX 187.92 and its two-hundred day moving average is GBX 192.57. The stock has a market cap of £4.29 billion, a P/E ratio of 14.14, a PEG ratio of 3.27 and a beta of 1.02.

LondonMetric Property (LON:LMP) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX 16.21 earnings per share for the quarter. LondonMetric Property had a net margin of 63.65% and a return on equity of 6.29%. The company had revenue of £464.60 million for the quarter. Research analysts expect that LondonMetric Property will post 13.7260274 earnings per share for the current fiscal 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.