Brokerages Set LondonMetric Property Plc (LON:LMP) Price Target at GBX 233.20

LondonMetric Property Plc (LON:LMP) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 227.20.

A number of equities analysts have recently weighed in on the stock. Berenberg Bank lowered their price target on shares of LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating on the stock in a research note on Wednesday. The Goldman Sachs Group lowered their price target on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Shore Capital Group reaffirmed a “buy” rating on shares of LondonMetric Property in a research note on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 230 price target on shares of LondonMetric Property in a research note on Wednesday, May 13th.

LondonMetric Property Stock Up 0.5%

Shares of LondonMetric Property stock opened at GBX 182.90 on Friday. The company has a market cap of £4.27 billion, a P/E ratio of 14.07, a PEG ratio of 3.27 and a beta of 1.02. The company has a debt-to-equity ratio of 63.49, a quick ratio of 0.81 and a current ratio of 1.78. LondonMetric Property has a one year low of GBX 175.30 and a one year high of GBX 216.20. The firm has a fifty day moving average of GBX 187.56 and a two-hundred day moving average of GBX 192.42.

LondonMetric Property (LON:LMP) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 16.21 EPS for the quarter. The company had revenue of £464.60 million during the quarter. LondonMetric Property had a net margin of 63.65% and a return on equity of 6.29%. On average, analysts forecast that LondonMetric Property will post 13.7260274 earnings per share for the current year.

LondonMetric Property Company Profile

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.