Insider Buying: Londonmetric Property PLC (LMP) Insider Acquires £153,060.60 in Stock
Londonmetric Property PLC (LON:LMP) insider Martin McGann acquired 92,764 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were bought at an average price of GBX 165 ($2.19) per share, for a total transaction of £153,060.60 ($203,025.07).
Martin McGann also recently made the following trade(s):
- On Thursday, September 28th, Martin McGann sold 215,576 shares of Londonmetric Property PLC stock. The stock was sold at an average price of GBX 164 ($2.18), for a total transaction of £353,544.64 ($468,954.29).
- On Monday, September 25th, Martin McGann purchased 62,500 shares of Londonmetric Property PLC stock. The stock was acquired at an average price of GBX 167 ($2.22) per share, for a total transaction of £104,375 ($138,446.74).
- On Tuesday, September 26th, Martin McGann purchased 55,106 shares of Londonmetric Property PLC stock. The stock was acquired at an average price of GBX 166 ($2.20) per share, for a total transaction of £91,475.96 ($121,336.99).
- On Friday, September 29th, Martin McGann purchased 62,500 shares of Londonmetric Property PLC stock. The stock was acquired at an average price of GBX 167 ($2.22) per share, for a total transaction of £104,375 ($138,446.74).
Londonmetric Property PLC (LON:LMP) opened at 170.30 on Friday. The firm’s 50-day moving average is GBX 167.16 and its 200-day moving average is GBX 166.43. The stock’s market cap is GBX 1.17 billion. Londonmetric Property PLC has a 52-week low of GBX 138.30 and a 52-week high of GBX 175.20.
The firm also recently declared a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, August 31st will be given a dividend of GBX 1.85 ($0.02) per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a dividend yield of 1.1%.
Several research analysts have weighed in on the stock. Peel Hunt reiterated an “add” rating and issued a GBX 180 ($2.39) price target on shares of Londonmetric Property PLC in a research report on Wednesday, August 9th. Liberum Capital reaffirmed a “hold” rating and set a GBX 155 ($2.06) target price on shares of Londonmetric Property PLC in a research note on Monday. Finally, J P Morgan Chase & Co raised their target price on shares of Londonmetric Property PLC from GBX 175 ($2.32) to GBX 195 ($2.59) and gave the company an “overweight” rating in a research note on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 172.17 ($2.28).
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.
Receive News & Ratings for Londonmetric Property PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Londonmetric Property PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.