Londonmetric Property’s (LMP) “Add” Rating Reiterated at Peel Hunt

Peel Hunt reiterated their add rating on shares of Londonmetric Property (LON:LMP) in a research note issued to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also issued reports about the stock. Liberum Capital reiterated a hold rating on shares of Londonmetric Property in a research note on Thursday, May 23rd. Royal Bank of Canada boosted their target price on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an outperform rating in a research note on Monday, June 24th. Barclays boosted their target price on shares of Coupa Software from $95.00 to $101.00 and gave the company an equal weight rating in a research note on Tuesday, June 4th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their target price on shares of TELUS from C$53.00 to C$55.00 in a research note on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 207 ($2.70).

Shares of LMP opened at GBX 212.20 ($2.77) on Wednesday. The stock has a market cap of $1.78 billion and a price-to-earnings ratio of 12.41. The company has a debt-to-equity ratio of 46.06, a quick ratio of 0.70 and a current ratio of 0.73. The company’s fifty day moving average is GBX 207. Londonmetric Property has a 1-year low of GBX 171.50 ($2.24) and a 1-year high of GBX 216.40 ($2.83).

The business also recently announced a dividend, which was paid on Thursday, July 11th. Shareholders of record on Thursday, June 6th were paid a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date was Thursday, June 6th. This is a positive change from Londonmetric Property’s previous dividend of $1.90. This represents a yield of 1.24%. Londonmetric Property’s payout ratio is currently 0.58%.

In other news, insider Martin McGann sold 21,723 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of GBX 209 ($2.73), for a total value of £45,401.07 ($59,324.54). Also, insider Valentine Beresford sold 184,200 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of GBX 207 ($2.70), for a total value of £381,294 ($498,228.15).

Londonmetric Property Company Profile

LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 13 million sq ft under management.

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Analyst Recommendations for Londonmetric Property (LON:LMP)

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