Londonmetric Property PLC (LMP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Londonmetric Property PLC (LON:LMP) have received a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 189.88 ($2.48).

LMP has been the topic of a number of recent analyst reports. Liberum Capital reissued a “hold” rating on shares of Londonmetric Property in a research note on Wednesday, June 20th. Peel Hunt reissued an “add” rating and issued a GBX 205 ($2.68) price objective on shares of Londonmetric Property in a research note on Wednesday, June 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Londonmetric Property from GBX 200 ($2.61) to GBX 210 ($2.74) and gave the company a “neutral” rating in a research note on Wednesday, June 27th.

Shares of LMP traded up GBX 0.50 ($0.01) during mid-day trading on Thursday, hitting GBX 182.50 ($2.38). 749,329 shares of the company’s stock were exchanged, compared to its average volume of 1,270,000. Londonmetric Property has a 52 week low of GBX 149.10 ($1.95) and a 52 week high of GBX 189.10 ($2.47).

The business also recently announced a dividend, which was paid on Friday, October 5th. Shareholders of record on Thursday, August 30th were given a GBX 1.90 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a yield of 1.03%.

In other Londonmetric Property news, insider Rosalyn Wilton purchased 50,000 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were bought at an average price of GBX 183 ($2.39) per share, for a total transaction of £91,500 ($119,560.96). Also, insider Suzanne Avery purchased 20,000 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were acquired at an average price of GBX 183 ($2.39) per share, for a total transaction of £36,600 ($47,824.38).

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 14 million sq ft under management.

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Analyst Recommendations for Londonmetric Property (LON:LMP)

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