Today Canaccord Genuity Reaffirms a “Buy” Rating on Londonmetric Property (LON:LMP) and a GBX 191.00 Target Price


Londonmetric Property (LON:LMP) Rating Reaffirmed

Recently, In an interesting research report revealed on 1 December, Londonmetric Property (LON:LMP) shares have had their “Buy” Rating reiterated by professional analysts at Canaccord Genuity, who currently has a GBX 191.00 target price on firm. This target by Canaccord Genuity would indicate the possibile upside of 15.41% from the last price.

From a total of 10 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 177 with a 7.85% above today’s (GBX 165.5) stock price. LondonMetric Property was the topic of 18 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 1 with “Buy” rating. Panmure Gordon maintained shares with “Buy” rating and GBX 199 target share price in a report from a November 26. Jefferies maintained LMP stock in a recent report from November 27 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 1.22% or GBX 2 on December 1, striking GBX 165.5. Approximately 2.48 million shares of stock traded hands or 157.04% up from the average. Londonmetric Property PLC (LON:LMP) has declined 0.91% since April 29, 2015 and is downtrending. It has outperformed by 0.72% the S&P500.

Today Canaccord Genuity Reaffirms a

LondonMetric Property plc is a United Kingdom property investment and development company. The company has a market cap of 1.05 billion GBP. The Company’s divisions include Retail, Distribution, Offices, Residential and Development. It has 6.72 P/E ratio. The Firm is involved in retailer-led distribution, out of town and convenience retail.