Londonmetric Property (LON:LMP) Receives “Add” Rating from Peel Hunt

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Peel Hunt reiterated their add rating on shares of Londonmetric Property (LON:LMP) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada reissued a sector performer rating on shares of Londonmetric Property in a report on Monday, June 24th. Morgan Stanley lowered shares of Londonmetric Property to an underweight rating and set a GBX 200 ($2.61) price objective on the stock. in a report on Monday, September 2nd. Liberum Capital reissued a hold rating on shares of Londonmetric Property in a report on Monday, August 19th. Finally, Barclays lifted their price objective on shares of Londonmetric Property from GBX 195 ($2.55) to GBX 210 ($2.74) and gave the company an overweight rating in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Londonmetric Property currently has a consensus rating of Hold and a consensus price target of GBX 207 ($2.70).

Shares of LMP stock opened at GBX 213.60 ($2.79) on Tuesday. The firm has a market cap of $1.78 billion and a price-to-earnings ratio of 12.49. The company’s 50 day moving average is GBX 204.42 and its 200 day moving average is GBX 202.89. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 46.06. Londonmetric Property has a 52-week low of GBX 171.50 ($2.24) and a 52-week high of GBX 216.40 ($2.83).

The firm also recently disclosed a dividend, which will be paid on Monday, October 7th. Investors of record on Thursday, August 29th will be issued a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, August 29th. Londonmetric Property’s payout ratio is 0.47%.

In other Londonmetric Property news, insider Patrick Vaughan sold 78,334 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of GBX 206 ($2.69), for a total value of £161,368.04 ($210,855.93).

About Londonmetric Property

LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 13 million sq ft under management.

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Analyst Recommendations for Londonmetric Property (LON:LMP)

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