Londonmetric Property PLC (LON:LMP) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 174.90 ($2.28).
Several research firms recently weighed in on LMP. Peel Hunt restated an “add” rating and issued a GBX 175 ($2.28) price objective on shares of Londonmetric Property PLC in a report on Wednesday, July 20th. Jefferies Group lifted their price objective on Londonmetric Property PLC from GBX 165 ($2.15) to GBX 172 ($2.25) and gave the company a “hold” rating in a report on Friday, August 19th. Numis Securities Ltd reduced their target price on shares of Londonmetric Property PLC from GBX 160 ($2.09) to GBX 150 ($1.96) and set a “hold” rating for the company in a report on Tuesday, August 16th. Liberum Capital reduced their target price on shares of Londonmetric Property PLC from GBX 176 ($2.30) to GBX 170 ($2.22) and set a “hold” rating for the company in a report on Monday, July 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Londonmetric Property PLC from GBX 190 ($2.48) to GBX 180 ($2.35) and set an “overweight” rating for the company in a report on Wednesday, June 22nd.
Shares of Londonmetric Property PLC (LON:LMP) traded down 1.20% during trading on Thursday, hitting GBX 156.10. 1,490,385 shares of the stock traded hands. Londonmetric Property PLC has a 52-week low of GBX 133.90 and a 52-week high of GBX 171.40. The firm’s market cap is GBX 974.22 million. The stock has a 50 day moving average of GBX 162.35 and a 200 day moving average of GBX 159.80.
The firm also recently announced a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 1st will be paid a dividend of GBX 1.80 ($0.02) per share. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, September 1st.
In other news, insider Stirling,Mark sold 249,397 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of GBX 165 ($2.15), for a total transaction of £411,505.05 ($537,142.74).
Londonmetric Property PLC Company Profile
LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.
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