Londonmetric Property (LON:LMP)‘s stock had its “add” rating restated by investment analysts at Peel Hunt in a report issued on Tuesday. They currently have a GBX 195 ($2.62) target price on the stock. Peel Hunt’s price target indicates a potential upside of 11.05% from the company’s current price.
Several other equities research analysts have also recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 177 ($2.38) price objective on shares of Londonmetric Property in a research report on Thursday, November 30th. Jefferies Group reaffirmed a “hold” rating and set a GBX 190 ($2.56) price objective on shares of Londonmetric Property in a research report on Thursday, November 30th. Numis Securities reaffirmed a “hold” rating and set a GBX 163 ($2.19) price objective (down from GBX 172 ($2.31)) on shares of Londonmetric Property in a research report on Wednesday, November 29th. Liberum Capital reaffirmed a “hold” rating and set a GBX 170 ($2.29) price objective on shares of Londonmetric Property in a research report on Wednesday, November 29th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 195 ($2.62) price objective on shares of Londonmetric Property in a research report on Thursday, November 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 180.71 ($2.43).
Shares of Londonmetric Property (LON:LMP) opened at GBX 175.60 ($2.36) on Tuesday. Londonmetric Property has a 12 month low of GBX 138.30 ($1.86) and a 12 month high of GBX 183.70 ($2.47).
Londonmetric Property (LON:LMP) last released its earnings results on Wednesday, November 29th. The company reported GBX 4.20 ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of GBX 4.20 ($0.06). Londonmetric Property had a return on equity of 15.33% and a net margin of 192.05%. The firm had revenue of GBX 4,063 million for the quarter.
In other news, insider Martin McGann bought 62,500 shares of the stock in a transaction on Friday, September 29th. The shares were bought at an average price of GBX 167 ($2.25) per share, with a total value of £104,375 ($140,477.79). In the last three months, insiders acquired 272,870 shares of company stock worth $45,328,656.
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Londonmetric Property 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.
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