Morgan Stanley upgraded shares of Londonmetric Property (LON:LMP) to an equal weight rating in a research report sent to investors on Tuesday. They currently have GBX 190 ($2.63) price target on the stock, up from their prior price target of GBX 175 ($2.42).
LMP has been the subject of a number of other reports. Peel Hunt reiterated an add rating and set a GBX 195 ($2.69) price target on shares of Londonmetric Property in a research report on Friday, January 5th. Liberum Capital reiterated a hold rating and set a GBX 170 ($2.35) price target on shares of Londonmetric Property in a research report on Monday, January 8th. Canaccord Genuity lifted their price target on shares of Londonmetric Property from GBX 160 ($2.21) to GBX 175 ($2.42) and gave the company a hold rating in a research report on Friday, December 22nd. Jefferies Group reiterated a hold rating and set a GBX 190 ($2.63) price target on shares of Londonmetric Property in a research report on Thursday, January 18th. Finally, Numis Securities reiterated a hold rating and set a GBX 163 ($2.25) price target (down from GBX 172 ($2.38)) on shares of Londonmetric Property in a research report on Wednesday, November 29th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 181.67 ($2.51).
Londonmetric Property (LMP) opened at GBX 183.90 ($2.54) on Tuesday. Londonmetric Property has a 52 week low of GBX 149.10 ($2.06) and a 52 week high of GBX 189.10 ($2.61). The company has a market cap of $1,280.00 and a PE ratio of 766.25.
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Londonmetric Property Company Profile
LondonMetric Property Plc is a property investment and development company. The Company’s segments is Distribution, Offices, Residential and Development. The Company’s distribution properties under development include Wakefield, Warrington, Bedford, Stoke and Crawley. The Company’s subsidiaries include London & Stamford Property Limited, LondonMetric Management Limited, LSI (Investments) Limited, LSI Developments Limited, LondonMetric Saturn Limited, Metric Property Investments plc, LondonMetric Retail Distribution I Limited and LondonMetric Saturn II Limited.
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