Jefferies Reiterates “Hold” Rating for Londonmetric Property (LON:LMP) stock. What’s the Best Move for Investors?


Londonmetric Property (LON:LMP) Rating Reaffirmed

In an analyst note released on Friday, 27 November, Jefferies has restated their “Hold” rating on Londonmetric Property (LON:LMP) shares.

From a total of 8 analysts covering LondonMetric Property (LON:LMP) stock, 4 rate it a ”Buy”, 0 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 165. The mean of all analyst targets is GBX 178.25 with a 8.03% above today’s (GBX 165) stock price. LondonMetric Property was the topic of 17 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on November 27 with “Overweight” rating. Panmure Gordon maintained shares with “Buy” rating and GBX 199 target share price in a report from a November 26. Numis Securities maintained LMP stock in a recent report from November 26 with “Hold” rating. Morgan Stanley maintained the rating on October 7. Morgan Stanley has a “Hold” rating and a GBX 169 price target on shares. Finally, Peel Hunt downgraded the stock to “Add” rating in a report issued on a November 26.

The stock increased 0.30% or GBX 0.5 on November 27, striking GBX 165. Approximately 2.84 million shares of stock traded hands or 263.35% up from the average. Londonmetric Property PLC (LON:LMP) has declined 1.73% since April 28, 2015 and is downtrending. It has underperformed by 0.84% the S&P500.

Jefferies Reiterates

LondonMetric Property plc is a United Kingdom property investment and development company. The company has a market cap of 1.03 billion GBP. The Company’s divisions include Retail, Distribution, Offices, Residential and Development. It has 6.7 P/E ratio. The Firm is involved in retailer-led distribution, out of town and convenience retail.