Londonmetric Property’s (LMP) “Hold” Rating Reiterated at Liberum Capital

Liberum Capital reissued their hold rating on shares of Londonmetric Property (LON:LMP) in a research note published on Monday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also issued reports on LMP. Barclays lifted their price objective on shares of Londonmetric Property from GBX 195 ($2.55) to GBX 210 ($2.74) and gave the company an overweight rating in a research note on Tuesday, June 4th. Peel Hunt reaffirmed an add rating on shares of Londonmetric Property in a research note on Monday. Finally, Royal Bank of Canada reaffirmed a sector performer rating on shares of Londonmetric Property in a research note on Monday, June 24th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 207 ($2.70).

LMP stock opened at GBX 202.40 ($2.64) on Monday. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 46.06. 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 company has a fifty day simple moving average of GBX 205.60 and a 200 day simple moving average of GBX 200.57. The firm has a market cap of $1.70 billion and a PE ratio of 11.84.

The firm also recently disclosed a dividend, which will be paid on Monday, October 7th. Investors of record on Thursday, August 29th will be paid a GBX 2 ($0.03) dividend. This represents a dividend yield of 0.99%. The ex-dividend date is Thursday, August 29th. Londonmetric Property’s payout ratio is presently 0.58%.

In related news, insider Patrick Vaughan sold 78,334 shares of Londonmetric Property stock in a transaction on Friday, July 19th. The shares were sold at an average price of GBX 206 ($2.69), for a total value of £161,368.04 ($210,855.93). Also, insider Valentine Beresford sold 184,200 shares of Londonmetric Property stock in a transaction on Monday, June 10th. The stock was sold at an average price of GBX 207 ($2.70), for a total transaction of £381,294 ($498,228.15). Insiders sold a total of 284,257 shares of company stock worth $58,806,311 in the last quarter.

About Londonmetric Property

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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