LondonMetric Property’s (LMP) “Buy” Rating Reiterated at Jefferies Financial Group

LondonMetric Property (LON:LMP)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 217 target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 20.96% from the stock’s previous close.

Separately, Berenberg Bank dropped their price objective on shares of LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating on the stock in a report on Wednesday, June 17th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 225.80.

LondonMetric Property Stock Performance

LondonMetric Property stock traded up GBX 0.30 during mid-day trading on Thursday, reaching GBX 179.40. The company had a trading volume of 5,093,996 shares, compared to its average volume of 40,012,559. The company has a quick ratio of 0.81, a current ratio of 1.78 and a debt-to-equity ratio of 63.49. LondonMetric Property has a 52 week low of GBX 170.20 and a 52 week high of GBX 216.20. The company has a 50 day moving average of GBX 182.85 and a 200-day moving average of GBX 186.75. The firm has a market cap of £4.37 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 3.27 and a beta of 1.01.

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.