Londonmetric Property PLC (LMP) Receives Average Recommendation of “Hold” from Brokerages

Londonmetric Property PLC (LON:LMP) has earned an average rating of “Hold” from the six ratings firms that are covering the stock, reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 174 ($2.29).

LMP has been the topic of several recent research reports. Liberum Capital increased their price objective on Londonmetric Property PLC from GBX 155 ($2.04) to GBX 170 ($2.24) and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Peel Hunt reiterated an “add” rating and set a GBX 180 ($2.37) price objective on shares of Londonmetric Property PLC in a research report on Monday, October 2nd. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 163 ($2.14) price target on shares of Londonmetric Property PLC in a research report on Thursday, October 19th.

Shares of Londonmetric Property PLC (LMP) traded down GBX 2 ($0.03) on Thursday, reaching GBX 176.50 ($2.32). The company’s stock had a trading volume of 971,432 shares, compared to its average volume of 1,230,000. Londonmetric Property PLC has a 12 month low of GBX 138.30 ($1.82) and a 12 month high of GBX 179.50 ($2.36).

In other Londonmetric Property PLC news, insider Martin McGann bought 62,500 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were purchased at an average price of GBX 167 ($2.20) per share, for a total transaction of £104,375 ($137,281.34). In the last quarter, insiders acquired 272,870 shares of company stock worth $45,328,656.

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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.

Analyst Recommendations for Londonmetric Property PLC (LON:LMP)

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