LondonMetric Property (LON:LMP) Rating Reaffirmed
Liberum Capital now has a GBX 176.00 target PPS on shares of LondonMetric Property (LON:LMP). The target PPS means a potential upside of 10.76% from the last stock close of LondonMetric Property (LON:LMP). This rating was disclosed to clients in a recent research report on Thursday morning.
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 12.09% above today’s (GBX 159) 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 86,548 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.
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 6.46 P/E ratio. The Firm is involved in retailer-led distribution, out of town and convenience retail.