Londonmetric Property (LMP) PT Raised to GBX 200 at J P Morgan Chase & Co
Londonmetric Property (LON:LMP) had its target price hoisted by investment analysts at J P Morgan Chase & Co from GBX 195 ($2.62) to GBX 200 ($2.69) in a research note issued on Wednesday. The brokerage currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 14.35% from the stock’s current price.
A number of other research firms also recently weighed in on LMP. Peel Hunt raised their price target on shares of Londonmetric Property from GBX 180 ($2.42) to GBX 195 ($2.62) and gave the company an “add” rating in a report on Wednesday, November 29th. Numis Securities restated a “hold” rating and set a GBX 163 ($2.19) price target (down previously from GBX 172 ($2.31)) on shares of Londonmetric Property in a report on Wednesday, November 29th. Stifel Nicolaus restated a “buy” rating and set a GBX 177 ($2.38) price target on shares of Londonmetric Property in a report on Thursday, November 30th. Jefferies Group restated a “hold” rating and set a GBX 190 ($2.56) price target on shares of Londonmetric Property in a report on Thursday, November 30th. Finally, Liberum Capital restated a “hold” rating and set a GBX 170 ($2.29) price target on shares of Londonmetric Property in a report on Wednesday, November 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 181.43 ($2.44).
Shares of Londonmetric Property (LON:LMP) opened at GBX 174.90 ($2.35) on Wednesday. Londonmetric Property has a 52 week low of GBX 139.80 ($1.88) and a 52 week high of GBX 183.70 ($2.47).
Londonmetric Property (LON:LMP) last issued its earnings results on Wednesday, November 29th. The company reported GBX 4.20 ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of GBX 4.20 ($0.06). The company had revenue of GBX 4,063 million during the quarter. Londonmetric Property had a net margin of 192.05% and a return on equity of 15.33%.
In other Londonmetric Property news, insider Martin McGann bought 62,500 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were acquired at an average cost of GBX 167 ($2.25) per share, for a total transaction of £104,375 ($140,477.79). Over the last quarter, insiders have bought 272,870 shares of company stock worth $45,328,656.
Londonmetric Property 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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