Canaccord Genuity Reaffirmed LondonMetric Property (LON:LMP) As a “Buy”; They Now Have a TP Of GBX 191.00


LondonMetric Property (LON:LMP) Rating Reaffirmed

Canaccord Genuity now has a GBX 191.00 Estimated Target Price on shares of LondonMetric Property (LON:LMP). The Estimated Target Price indicates a potential upside of 19.90% from the current price of LondonMetric Property (LON:LMP). This rating was shown in an analyst research report on 10 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 177.09 with a 12.30% above today’s (GBX 158.7) stock price. LondonMetric Property was the topic of 21 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 10 with “Buy” rating. Numis Securities maintained shares with “Hold” rating and GBX 165 target share price in a report from a November 26. Liberum Capital maintained LMP stock in a recent report from December 1 with “Hold” 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 78,910 shares of stock traded hands. Londonmetric Property PLC (LON:LMP) has declined 3.57% since May 13, 2015 and is downtrending. It has underperformed by 1.64% the S&P500.

Canaccord Genuity Reaffirmed LondonMetric Property (LON:LMP) As a

LondonMetric Property plc is a United Kingdom property investment and development company. The company has a market cap of 1.01 billion GBP. The Company’s divisions include Retail, Distribution, Offices, Residential and Development. It has 6.44 P/E ratio. The Firm is involved in retailer-led distribution, out of town and convenience retail.