Numis Securities Ltd reiterated their hold rating on shares of Londonmetric Property PLC (LON:LMP) in a research report released on Wednesday, May 31st. Numis Securities Ltd currently has a GBX 152 ($1.92) target price on the stock.
A number of other analysts also recently weighed in on the stock. J P Morgan Chase & Co reissued an overweight rating and set a GBX 175 ($2.21) target price on shares of Londonmetric Property PLC in a research report on Friday, March 31st. Liberum Capital reissued a hold rating and issued a GBX 155 ($1.96) price objective on shares of Londonmetric Property PLC in a report on Wednesday, March 29th. Peel Hunt lifted their target price on Londonmetric Property PLC from GBX 170 ($2.15) to GBX 180 ($2.28) and gave the company an add rating in a report on Wednesday, May 31st. HSBC Holdings plc raised Londonmetric Property PLC to a buy rating and lifted their target price for the company from GBX 163 ($2.06) to GBX 166 ($2.10) in a report on Thursday, March 30th. Finally, Jefferies Group LLC lifted their target price on Londonmetric Property PLC from GBX 160 ($2.02) to GBX 170 ($2.15) and gave the company a hold rating in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 166.71 ($2.11).
Shares of Londonmetric Property PLC (LON LMP) traded up 2.41% during midday trading on Wednesday, hitting GBX 174.40. 3,660,644 shares of the stock traded hands. The firm’s 50-day moving average is GBX 168.21 and its 200 day moving average is GBX 156.59. The company’s market capitalization is GBX 1.20 billion. Londonmetric Property PLC has a 52 week low of GBX 133.90 and a 52 week high of GBX 174.40.
The company also recently announced a dividend, which will be paid on Monday, July 10th. Shareholders of record on Thursday, June 8th will be issued a GBX 2.10 ($0.03) dividend. This is an increase from Londonmetric Property PLC’s previous dividend of $1.80. The ex-dividend date of this dividend is Thursday, June 8th. This represents a yield of 1.25%.
In related news, insider Andrew Livingston acquired 32,895 shares of the firm’s stock in a transaction dated Thursday, March 23rd. The shares were purchased at an average price of GBX 152 ($1.92) per share, with a total value of £50,000.40 ($63,251.61). Also, insider Patrick Vaughan sold 15,500 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of GBX 169 ($2.14), for a total value of £26,195 ($33,137.25).
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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