Shares of Londonmetric Property PLC (LON:LMP) have been assigned an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 180.63 ($2.53).
LMP has been the topic of a number of research reports. Peel Hunt reaffirmed an “add” rating and set a GBX 195 ($2.73) target price on shares of Londonmetric Property in a research note on Friday, January 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 177 ($2.48) target price on shares of Londonmetric Property in a research note on Thursday, November 30th. Numis Securities reaffirmed a “hold” rating and set a GBX 163 ($2.29) target price (down previously from GBX 172 ($2.41)) on shares of Londonmetric Property in a research note on Wednesday, November 29th. Liberum Capital reaffirmed a “hold” rating and set a GBX 170 ($2.38) target price on shares of Londonmetric Property in a research note on Wednesday, November 29th. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 190 ($2.66) target price on shares of Londonmetric Property in a research note on Thursday, November 30th.
Londonmetric Property (LMP) traded up GBX 0.70 ($0.01) during midday trading on Friday, hitting GBX 170.10 ($2.39). 1,006,002 shares of the company’s stock were exchanged, compared to its average volume of 1,140,000. The company has a market capitalization of $1,190.00 and a PE ratio of 708.75. Londonmetric Property has a 12-month low of GBX 148.30 ($2.08) and a 12-month high of GBX 189.10 ($2.65).
Londonmetric Property (LON:LMP) last posted its earnings results on Wednesday, November 29th. The company reported GBX 4.20 ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of GBX 4.20 ($0.06). The firm had revenue of GBX 4,063 million for the quarter. Londonmetric Property had a net margin of 192.05% and a return on equity of 15.33%.
In related news, insider Patrick Vaughan sold 134,745 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of GBX 180 ($2.52), for a total value of £242,541 ($340,074.31).
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About Londonmetric Property
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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