LondonMetric Property Plc (LON:LMP) Receives GBX 227.20 Average Target Price from Analysts

Shares of LondonMetric Property Plc (LON:LMP) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 227.20.

A number of research firms recently weighed in on LMP. Berenberg Bank dropped their price target on LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Shore Capital Group reaffirmed a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 230 price objective on shares of LondonMetric Property in a report on Wednesday, May 13th.

LondonMetric Property Price Performance

LON:LMP opened at GBX 195 on Friday. LondonMetric Property has a 12-month low of GBX 175.30 and a 12-month high of GBX 216.20. The firm has a market capitalization of £4.56 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 3.27 and a beta of 1.02. The stock’s 50 day moving average price is GBX 189.08 and its two-hundred day moving average price is GBX 193.06. The company has a quick ratio of 0.81, a current ratio of 1.78 and a debt-to-equity ratio of 63.49.

LondonMetric Property (LON:LMP) last issued its earnings results 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 return on equity of 6.29% and a net margin of 63.65%. On average, analysts anticipate that LondonMetric Property will post 13.7260274 earnings per share for the current year.

About LondonMetric Property

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.