LondonMetric Property’s (LMP) Buy Rating Reiterated at Shore Capital

LondonMetric Property (LON:LMP)‘s stock had its “buy” rating reiterated by stock analysts at Shore Capital in a research report issued to clients and investors on Wednesday,Digital Look reports.

A number of other brokerages also recently issued reports on LMP. Peel Hunt reiterated a “buy” rating and issued a GBX 240 price target on shares of LondonMetric Property in a report on Tuesday. Jefferies Financial Group lifted their target price on LondonMetric Property from GBX 219 to GBX 224 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 231.33.

LondonMetric Property Price Performance

Shares of LondonMetric Property stock traded down GBX 1.30 on Wednesday, hitting GBX 188.80. 9,772,479 shares of the company traded hands, compared to its average volume of 15,321,539. LondonMetric Property has a 52 week low of GBX 167.10 and a 52 week high of GBX 207. The business has a 50-day simple moving average of GBX 186.58 and a 200 day simple moving average of GBX 191.37. The company has a debt-to-equity ratio of 53.84, a quick ratio of 0.81 and a current ratio of 0.68. The stock has a market capitalization of £4.40 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90.

LondonMetric Property Company Profile

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.