Londonmetric Property PLC (LMP) Receives Average Rating of “Hold” from Analysts

Shares of Londonmetric Property PLC (LON:LMP) have been given a consensus rating of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 172.17 ($2.26).

A number of equities research analysts have recently issued reports on the stock. Liberum Capital reissued a “hold” rating and issued a GBX 155 ($2.04) price target on shares of Londonmetric Property PLC in a research note on Tuesday, June 27th. J P Morgan Chase & Co boosted their price target on shares of Londonmetric Property PLC from GBX 175 ($2.30) to GBX 195 ($2.56) and gave the company an “overweight” rating in a research note on Tuesday, June 20th. Finally, Peel Hunt reissued an “add” rating and issued a GBX 180 ($2.37) price target on shares of Londonmetric Property PLC in a research note on Wednesday, August 9th.

In related news, insider Martin McGann purchased 92,764 shares of Londonmetric Property PLC stock in a transaction dated Wednesday, September 27th. The shares were acquired at an average cost of GBX 165 ($2.17) per share, with a total value of £153,060.60 ($201,236.66). Insiders bought a total of 272,870 shares of company stock worth $45,328,656 over the last three months.

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The business also recently declared a dividend, which was paid on Friday, October 6th. Stockholders of record on Thursday, August 31st were paid a GBX 1.85 ($0.02) dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 31st.

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.

Analyst Recommendations for Londonmetric Property PLC (LON:LMP)

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