LondonMetric Property (LON:LMP) Sets New 1-Year Low – Time to Sell?

LondonMetric Property Plc (LON:LMP)’s share price hit a new 52-week low on Monday . The company traded as low as GBX 175.30 and last traded at GBX 175.40, with a volume of 43470852 shares changing hands. The stock had previously closed at GBX 178.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price target on LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating for the company in a research note on Wednesday, June 17th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 227.20.

LondonMetric Property Stock Down 1.0%

The firm has a 50-day simple moving average of GBX 190.67 and a 200 day simple moving average of GBX 190.20. The company has a market capitalization of £4.13 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 3.27 and a beta of 1.01. The company has a debt-to-equity ratio of 63.49, a current ratio of 1.78 and a quick ratio of 0.81.

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.