Shares of Londonmetric Property PLC (LON:LMP) have been given an average rating of “Hold” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 180.63 ($2.50).
A number of research analysts have commented on LMP shares. JPMorgan Chase & Co. upped their price objective on Londonmetric Property from GBX 195 ($2.69) to GBX 200 ($2.76) and gave the company an “overweight” rating in a report on Wednesday, December 6th. Numis Securities reaffirmed a “hold” rating and issued a GBX 172 ($2.38) price objective on shares of Londonmetric Property in a report on Tuesday, December 5th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 190 ($2.63) price objective on shares of Londonmetric Property in a report on Thursday, January 18th. Canaccord Genuity upped their price objective on Londonmetric Property from GBX 160 ($2.21) to GBX 175 ($2.42) and gave the company a “hold” rating in a report on Friday, December 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 177 ($2.45) price objective on shares of Londonmetric Property in a report on Thursday, November 30th.
Londonmetric Property (LMP) traded up GBX 1.20 ($0.02) during mid-day trading on Friday, hitting GBX 172.70 ($2.39). The company had a trading volume of 611,270 shares, compared to its average volume of 1,190,000. The firm has a market cap of $1,200.00 and a price-to-earnings ratio of 719.58. Londonmetric Property has a 1-year low of GBX 148.30 ($2.05) and a 1-year high of GBX 189.10 ($2.61).
In other news, insider Patrick Vaughan sold 134,745 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of GBX 180 ($2.49), for a total transaction of £242,541 ($335,093.95).
Londonmetric Property Company Profile
LondonMetric Property Plc is a property investment and development company. The Company’s segments is Distribution, Offices, Residential and Development. The Company’s distribution properties under development include Wakefield, Warrington, Bedford, Stoke and Crawley. The Company’s subsidiaries include London & Stamford Property Limited, LondonMetric Management Limited, LSI (Investments) Limited, LSI Developments Limited, LondonMetric Saturn Limited, Metric Property Investments plc, LondonMetric Retail Distribution I Limited and LondonMetric Saturn II Limited.
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