Londonmetric Property PLC (LON:LMP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 185.70 ($2.48) and last traded at GBX 184.40 ($2.47), with a volume of 0 shares changing hands. The stock had previously closed at GBX 184.40 ($2.47).
Several brokerages have issued reports on LMP. Canaccord Genuity boosted their price objective on shares of Londonmetric Property from GBX 160 ($2.14) to GBX 175 ($2.34) and gave the company a “hold” rating in a research note on Friday, December 22nd. Peel Hunt boosted their price objective on shares of Londonmetric Property from GBX 180 ($2.41) to GBX 195 ($2.61) and gave the company an “add” rating in a research note on Wednesday, November 29th. Numis Securities reissued a “hold” rating and issued a GBX 163 ($2.18) price objective (down from GBX 172 ($2.30)) on shares of Londonmetric Property in a research note on Wednesday, November 29th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 177 ($2.37) price objective on shares of Londonmetric Property in a research note on Thursday, November 30th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 195 ($2.61) price objective on shares of Londonmetric Property in a research note on Thursday, November 30th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Londonmetric Property presently has an average rating of “Hold” and an average target price of GBX 180.63 ($2.42).
The stock has a market capitalization of $1,280.00 and a P/E ratio of 768.33.
The business also recently declared a dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 7th will be paid a dividend of GBX 1.85 ($0.02) per share. The ex-dividend date is Thursday, December 7th. This represents a dividend yield of 1.06%.
In related news, insider Martin McGann purchased 62,500 shares of the stock in a transaction dated Friday, September 29th. The shares were acquired at an average cost of GBX 167 ($2.23) per share, with a total value of £104,375 ($139,557.43).
WARNING: This piece was originally published by Week Herald and is owned by of Week Herald. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://weekherald.com/2017/12/27/londonmetric-property-lmp-sets-new-52-week-high-at-185-70.html.
About Londonmetric Property
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.
Receive News & Ratings for Londonmetric Property Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Londonmetric Property and related companies with MarketBeat.com's FREE daily email newsletter.