Londonmetric Property (LON:LMP) Sets New 1-Year High at $235.80

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Londonmetric Property PLC (LON:LMP) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 235.80 ($3.08) and last traded at GBX 235.80 ($3.08), with a volume of 89455 shares. The stock had previously closed at GBX 233.40 ($3.05).

LMP has been the topic of several research reports. Morgan Stanley downgraded 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. Peel Hunt restated an “add” rating on shares of Londonmetric Property in a report on Tuesday, November 5th. Finally, Liberum Capital restated a “hold” rating on shares of Londonmetric Property in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 213.75 ($2.79).

The company’s fifty day moving average price is GBX 225.29 and its 200 day moving average price is GBX 210.57. The company has a market cap of $1.96 billion and a PE ratio of 13.78. The company has a debt-to-equity ratio of 46.06, a current ratio of 0.73 and a quick ratio of 0.70.

About Londonmetric Property (LON:LMP)

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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