Peel Hunt Reiterates “Add” Rating for LondonMetric Property (LMP)

LondonMetric Property (LON:LMP)‘s stock had its “add” rating reiterated by research analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They currently have a GBX 195 ($2.74) price objective on the stock, up from their prior price objective of GBX 159 ($2.23). Peel Hunt’s price target indicates a potential upside of 8.09% from the company’s previous close.

LMP has been the topic of several other reports. Canaccord Genuity upped their price target on shares of LondonMetric Property from GBX 160 ($2.25) to GBX 175 ($2.46) and gave the stock a “hold” rating in a research report on Friday, December 22nd. Morgan Stanley raised shares of LondonMetric Property to an “equal weight” rating and upped their price target for the stock from GBX 175 ($2.46) to GBX 190 ($2.67) in a research report on Tuesday, March 13th. JPMorgan Chase lowered shares of LondonMetric Property to a “neutral” rating and set a GBX 200 ($2.81) price target on the stock. in a research report on Monday, January 15th. Liberum Capital reaffirmed a “hold” rating and set a GBX 170 ($2.39) price target on shares of LondonMetric Property in a research report on Monday, January 8th. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 190 ($2.67) price target on shares of LondonMetric Property in a research report on Thursday, January 18th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 183.63 ($2.58).

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LON LMP opened at GBX 180.40 ($2.53) on Thursday. LondonMetric Property has a 1 year low of GBX 149.10 ($2.09) and a 1 year high of GBX 189.10 ($2.65).

In other news, insider Patrick Vaughan sold 134,745 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of GBX 180 ($2.53), for a total value of £242,541 ($340,456.20).

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LondonMetric Property Company Profile

LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and adding value through asset management initiatives and short cycle developments. LondonMetric has 13 million sq ft under management. Further information is available at www.londonmetric.com.

Analyst Recommendations for LondonMetric Property (LON:LMP)

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