LondonMetric Property (OTCMKTS:LNSPF) PT Lowered to GBX 225 at Barclays

LondonMetric Property (OTCMKTS:LNSPFGet Rating) had its price objective decreased by research analysts at Barclays from GBX 280 ($3.38) to GBX 225 ($2.72) in a research report issued on Friday, The Fly reports.

A number of other brokerages have also commented on LNSPF. Berenberg Bank lowered LondonMetric Property from a “hold” rating to a “sell” rating in a research note on Wednesday, August 31st. Royal Bank of Canada lifted their target price on shares of LondonMetric Property from GBX 305 ($3.69) to GBX 325 ($3.93) in a research report on Monday, June 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of LondonMetric Property from GBX 340 ($4.11) to GBX 235 ($2.84) in a research report on Friday, September 16th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, LondonMetric Property presently has an average rating of “Moderate Buy” and a consensus target price of $280.00.

LondonMetric Property Stock Performance

Shares of LNSPF remained flat at $2.52 during trading hours on Friday. The stock had a trading volume of 13,017 shares, compared to its average volume of 6,721. LondonMetric Property has a one year low of $2.52 and a one year high of $4.03. The stock has a 50 day moving average price of $2.74 and a 200-day moving average price of $2.98.

About LondonMetric Property

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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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Analyst Recommendations for LondonMetric Property (OTCMKTS:LNSPF)

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