LondonMetric Property Plc (OTCMKTS:LNSPF) Given Average Recommendation of “Buy” by Brokerages

Shares of LondonMetric Property Plc (OTCMKTS:LNSPF – Get Rating) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $316.00.

Several research analysts have recently commented on the stock. Barclays reaffirmed a “buy” rating and set a $320.00 target price on shares of LondonMetric Property in a report on Tuesday, April 5th. Morgan Stanley raised their target price on shares of LondonMetric Property from GBX 310 ($3.82) to GBX 320 ($3.95) in a report on Monday, March 28th. JPMorgan Chase & Co. raised their target price on shares of LondonMetric Property from GBX 305 ($3.76) to GBX 320 ($3.95) in a report on Friday, April 29th. Royal Bank of Canada raised shares of LondonMetric Property from a “sector perform” rating to an “outperform” rating and set a $325.00 price objective on the stock in a research note on Friday, January 14th. Finally, Liberum Capital raised shares of LondonMetric Property to a “buy” rating and set a $295.00 price objective on the stock in a research note on Tuesday, February 1st.

Shares of OTCMKTS LNSPF remained flat at $$2.82 on Friday. LondonMetric Property has a 1 year low of $2.82 and a 1 year high of $4.03. The stock has a 50-day moving average price of $3.38 and a 200 day moving average price of $3.59.

LondonMetric Property Company Profile (Get Rating)

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.

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