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.

COPYRIGHT VIOLATION NOTICE: “Londonmetric Property (LMP) PT Raised to GBX 200 at J P Morgan Chase & Co” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/londonmetric-property-lmp-pt-raised-to-gbx-200-at-j-p-morgan-chase-co/1751565.html.

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.

Analyst Recommendations for Londonmetric Property (LON:LMP)

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.