Brokerages Set Londonmetric Property PLC (LMP) PT at $172.17

Shares of Londonmetric Property PLC (LON:LMP) have earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 172.17 ($2.26).

LMP has been the subject of a number of recent analyst reports. J P Morgan Chase & Co lifted their price objective on shares of Londonmetric Property PLC from GBX 175 ($2.30) to GBX 195 ($2.56) and gave the company an “overweight” rating in a report on Tuesday, June 20th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 155 ($2.04) price objective on shares of Londonmetric Property PLC in a report on Tuesday, June 27th. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 180 ($2.37) price objective on shares of Londonmetric Property PLC in a report on Monday, October 2nd.

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Shares of Londonmetric Property PLC (LON:LMP) traded up 0.59% during midday trading on Friday, reaching GBX 169.70. The company’s stock had a trading volume of 394,968 shares. The stock has a 50-day moving average of GBX 167.23 and a 200 day moving average of GBX 166.93. Londonmetric Property PLC has a 12-month low of GBX 138.30 and a 12-month high of GBX 175.20. The firm’s market capitalization is GBX 1.17 billion.

The business also recently announced a dividend, which was paid on Friday, October 6th. Stockholders of record on Thursday, August 31st were paid a dividend of GBX 1.85 ($0.02) per share. The ex-dividend date was Thursday, August 31st. This represents a dividend yield of 1.1%.

In other news, insider Martin McGann sold 215,576 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of GBX 164 ($2.16), for a total transaction of £353,544.64 ($464,823.35). Insiders have bought 272,870 shares of company stock valued at $45,328,656 in the last three months.

About Londonmetric Property PLC

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.

Analyst Recommendations for Londonmetric Property PLC (LON:LMP)

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