Londonmetric Property (LON:LMP) was upgraded by stock analysts at Morgan Stanley to an “equal weight” rating in a research note issued to investors on Tuesday. The firm currently has a GBX 190 ($2.63) target price on the stock, up from their previous target price of GBX 175 ($2.42). Morgan Stanley’s price target indicates a potential upside of 5.26% from the company’s current price.
Several other research firms have also recently issued reports on LMP. Peel Hunt reiterated an “add” rating and set a GBX 195 ($2.69) target price on shares of Londonmetric Property in a research report on Friday, January 5th. Liberum Capital restated a “hold” rating and issued a GBX 170 ($2.35) price target on shares of Londonmetric Property in a report on Monday, January 8th. Canaccord Genuity upped their price target on Londonmetric Property from GBX 160 ($2.21) to GBX 175 ($2.42) and gave the stock a “hold” rating in a report on Friday, December 22nd. Jefferies Group restated a “hold” rating and issued a GBX 190 ($2.63) price target on shares of Londonmetric Property in a report on Thursday, January 18th. Finally, Numis Securities restated a “hold” rating and issued a GBX 163 ($2.25) price target (down previously from GBX 172 ($2.38)) on shares of Londonmetric Property in a report on Wednesday, November 29th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Londonmetric Property has an average rating of “Hold” and a consensus price target of GBX 181.67 ($2.51).
Londonmetric Property (LON LMP) opened at GBX 180.50 ($2.49) 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 stock has a market capitalization of $1,260.00 and a P/E ratio of 752.08.
In related news, insider Patrick Vaughan sold 134,745 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of GBX 180 ($2.49), for a total value of £242,541 ($335,093.95).
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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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