Analysts Set Londonmetric Property PLC (LMP) PT at $174.00
Shares of Londonmetric Property PLC (LON:LMP) have received a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 174 ($2.30).
Several research analysts have commented on the stock. Peel Hunt restated an “add” rating and issued a GBX 180 ($2.38) target price on shares of Londonmetric Property PLC in a research report on Monday, October 2nd. Liberum Capital restated a “hold” rating and issued a GBX 155 ($2.05) target price on shares of Londonmetric Property PLC in a research report on Monday, October 2nd. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 163 ($2.15) target price on shares of Londonmetric Property PLC in a research report on Thursday, October 19th.
In related news, insider Martin McGann acquired 92,764 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was acquired at an average cost of GBX 165 ($2.18) per share, for a total transaction of £153,060.60 ($201,980.21). Insiders bought 272,870 shares of company stock valued at $45,328,656 over the last quarter.
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Londonmetric Property PLC (LMP) traded up GBX 0.90 ($0.01) during midday trading on Thursday, reaching GBX 178.50 ($2.36). 853,311 shares of the company’s stock traded hands, compared to its average volume of 1,190,000. Londonmetric Property PLC has a 1 year low of GBX 138.30 ($1.83) and a 1 year high of GBX 179.40 ($2.37).
The business also recently disclosed a dividend, which was paid on Friday, October 6th. Stockholders of record on Thursday, August 31st were issued a GBX 1.85 ($0.02) dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 31st.
Londonmetric Property PLC Company Profile
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.
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