LondonMetric Property (LON:LMP) Rating Reaffirmed
LondonMetric Property (LON:LMP) just had their share rating of a ‘”Overweight”‘ issued by research analysts at JP Morgan Cazenove, who now has a GBX 190.00 price target on the 985.50M GBP market cap company or a 20.09% upside potential. This key information was unveiled in a note on Wednesday, 16 December.
From a total of 11 analysts covering LondonMetric Property (LON:LMP) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 199 while the lowest target price is GBX 160. The mean of all analyst targets is GBX 176.64 with a 12.30% above today’s (GBX 158.21) stock price. LondonMetric Property was the topic of 23 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 16 with “Overweight” rating. Numis Securities maintained shares with “Hold” rating and GBX 165 target share price in a report from a November 26. Canaccord Genuity maintained LMP stock in a recent report from December 10 with “Buy” rating. Peel Hunt downgraded the rating on November 26. Peel Hunt has a “Add” rating and a GBX 175 price target on shares. Finally, Jefferies maintained the stock with “Hold” rating in a report issued on a November 27.
Approximately 117,282 shares of stock traded hands. Londonmetric Property PLC (LON:LMP) has declined 6.38% since May 19, 2015 and is downtrending. It has underperformed by 3.75% the S&P500.
LondonMetric Property plc is a United Kingdom property investment and development company. The company has a market cap of 985.50 million GBP. The Company’s divisions include Retail, Distribution, Offices, Residential and Development. It has 6.42 P/E ratio. The Firm is involved in retailer-led distribution, out of town and convenience retail.