Londonmetric Property PLC (LMP) Receives “Add” Rating from Peel Hunt

Londonmetric Property PLC (LON:LMP)‘s stock had its “add” rating reaffirmed by stock analysts at Peel Hunt in a report released on Wednesday, August 9th. They currently have a GBX 180 ($2.34) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 6.70% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Liberum Capital reiterated a “hold” rating and issued a GBX 155 ($2.01) target price on shares of Londonmetric Property PLC in a research report on Tuesday, June 27th. J P Morgan Chase & Co lifted their target price on shares of Londonmetric Property PLC from GBX 175 ($2.27) to GBX 195 ($2.53) and gave the stock an “overweight” rating in a research report on Tuesday, June 20th. Jefferies Group LLC lifted their target price on shares of Londonmetric Property PLC from GBX 170 ($2.21) to GBX 185 ($2.40) and gave the stock a “hold” rating in a research report on Thursday, June 1st. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 152 ($1.97) target price on shares of Londonmetric Property PLC in a research report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Londonmetric Property PLC has a consensus rating of “Hold” and an average target price of GBX 171.71 ($2.23).

Shares of Londonmetric Property PLC (LON:LMP) opened at 168.70 on Wednesday. Londonmetric Property PLC has a 12-month low of GBX 138.30 and a 12-month high of GBX 175.20. The firm’s market capitalization is GBX 1.16 billion. The company has a 50-day moving average price of GBX 167.55 and a 200-day moving average price of GBX 162.67.

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In other Londonmetric Property PLC news, insider Patrick Vaughan sold 15,500 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of GBX 169 ($2.19), for a total value of £26,195 ($34,006.23). Also, insider Martin McGann sold 164,383 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of GBX 172 ($2.23), for a total transaction of £282,738.76 ($367,050.19).

Londonmetric Property PLC Company Profile

LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.

Analyst Recommendations for Londonmetric Property PLC (LON:LMP)

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