LondonMetric Property (LON:LMP) Earns Buy Rating from Peel Hunt

LondonMetric Property (LON:LMP)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a report issued on Tuesday, Marketbeat reports. They currently have a GBX 240 price target on the stock. Peel Hunt’s target price suggests a potential upside of 26.54% from the stock’s current price.

LMP has been the subject of several other research reports. Shore Capital restated a “buy” rating on shares of LondonMetric Property in a report on Tuesday, October 7th. Jefferies Financial Group increased their target price on LondonMetric Property from GBX 219 to GBX 224 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 231.33.

LondonMetric Property Price Performance

Shares of LMP traded down GBX 0.52 during midday trading on Tuesday, hitting GBX 189.66. 305,648,125 shares of the company traded hands, compared to its average volume of 16,690,875. The stock has a market cap of £4.42 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 3.27 and a beta of 0.90. The firm has a 50 day moving average of GBX 186.41 and a 200-day moving average of GBX 191.40. The company has a debt-to-equity ratio of 53.84, a quick ratio of 0.81 and a current ratio of 0.68. LondonMetric Property has a 52 week low of GBX 167.10 and a 52 week high of GBX 207.

LondonMetric Property Company Profile

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.