Peel Hunt reiterated their add rating on shares of LondonMetric Property (LON:LMP) in a report issued on Thursday morning. Peel Hunt currently has a GBX 195 ($2.74) price target on the stock, up from their previous price target of GBX 159 ($2.23).
A number of other equities analysts have also commented on LMP. Liberum Capital reissued a hold rating on shares of LondonMetric Property in a research report on Friday, March 23rd. 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. Canaccord Genuity lifted their price target on shares of LondonMetric Property from GBX 160 ($2.25) to GBX 175 ($2.46) and gave the company a hold rating in a research report on Friday, December 22nd. Morgan Stanley raised shares of LondonMetric Property to an equal weight rating and lifted their price target for the company from GBX 175 ($2.46) to GBX 190 ($2.67) in a research report on Tuesday, March 13th. Finally, Jefferies Group reissued a hold rating and issued a GBX 190 ($2.67) price target on shares of LondonMetric Property in a research report on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 183.63 ($2.58).
LON:LMP opened at GBX 180.40 ($2.53) on Thursday. LondonMetric Property has a 12 month low of GBX 149.10 ($2.09) and a 12 month high of GBX 189.10 ($2.65).
In other news, insider Patrick Vaughan sold 134,745 shares of the firm’s stock in a transaction on 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.
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