LondonMetric Property (LON:LMP) Rating Reaffirmed
The brokerage firm has just set a target price of GBX 199.00 on LondonMetric Property (LON:LMP) shares. This is 19.63% from the closing share price. In a note revealed on Wednesday, 2 December, Panmure Gordon maintained their “Buy” rating on shares of LMP.
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 176.91 with a 7.15% above today’s (GBX 166.32) stock price. LondonMetric Property was the topic of 19 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 1 with “Hold” rating. Peel Hunt downgraded shares to “Add” rating and GBX 175 target share price in a report from a November 26. JP Morgan maintained LMP stock in a recent report from November 27 with “Overweight” rating. Panmure Gordon maintained the rating on November 26. Panmure Gordon has a “Buy” rating and a GBX 199 price target on shares. Finally, Numis Securities maintained the stock with “Hold” rating in a report issued on a November 26.
Approximately 1.28 million shares of stock traded hands or 30.80% up from the average. Londonmetric Property PLC (LON:LMP) has risen 0.30% since April 30, 2015 and is uptrending. It has outperformed by 0.50% the S&P500.
LondonMetric Property plc is a United Kingdom property investment and development company. The company has a market cap of 1.04 billion GBP. The Company’s divisions include Retail, Distribution, Offices, Residential and Development. It has 6.75 P/E ratio. The Firm is involved in retailer-led distribution, out of town and convenience retail.