Shares of Londonmetric Property PLC (LON:LMP) have been given an average rating of “Hold” by the six brokerages that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 174.67 ($2.26).
A number of brokerages have recently weighed in on LMP. Peel Hunt increased their price target on Londonmetric Property PLC from GBX 170 ($2.20) to GBX 180 ($2.32) and gave the stock an “add” rating in a research report on Wednesday, May 31st. J P Morgan Chase & Co increased their price target on Londonmetric Property PLC from GBX 175 ($2.26) to GBX 195 ($2.52) and gave the stock an “overweight” rating in a research report on Tuesday, June 20th. Jefferies Group LLC increased their price target on Londonmetric Property PLC from GBX 170 ($2.20) to GBX 185 ($2.39) and gave the stock a “hold” rating in a research report on Thursday, June 1st. Numis Securities Ltd reiterated a “hold” rating and set a GBX 152 ($1.96) price target on shares of Londonmetric Property PLC in a research report on Wednesday, May 31st. Finally, Liberum Capital increased their price target on Londonmetric Property PLC from GBX 155 ($2.00) to GBX 170 ($2.20) and gave the stock a “hold” rating in a research report on Tuesday, August 1st.
In other Londonmetric Property PLC news, insider Mark Stirling bought 12,047 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were purchased at an average cost of GBX 171 ($2.21) per share, for a total transaction of £20,600.37 ($26,605.15). Also, insider Martin McGann sold 164,383 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of GBX 172 ($2.22), for a total value of £282,738.76 ($365,154.02).
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Londonmetric Property PLC (LMP) traded down 0.41% during mid-day trading on Wednesday, hitting GBX 169.40. The company had a trading volume of 628,471 shares. The firm’s market cap is GBX 1.17 billion. The stock’s 50 day moving average price is GBX 167.91 and its 200 day moving average price is GBX 165.11. Londonmetric Property PLC has a 52-week low of GBX 138.30 and a 52-week high of GBX 175.20.
The firm also recently announced a dividend, which will be paid on Friday, October 6th. Investors of record on Thursday, August 31st will be given a GBX 1.85 ($0.02) dividend. This represents a yield of 1.1%. The ex-dividend date is Thursday, August 31st.
Londonmetric Property PLC Company Profile
LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.
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