LondonMetric Property (LON:LMP) Given New GBX 190 Price Target at The Goldman Sachs Group

LondonMetric Property (LON:LMP) had its target price reduced by investment analysts at The Goldman Sachs Group from GBX 210 to GBX 190 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 5.32% from the company’s previous close.

Several other research firms have also recently commented on LMP. Shore Capital Group restated a “buy” rating on shares of LondonMetric Property in a research note on Thursday, December 4th. Berenberg Bank lifted their price objective on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, LondonMetric Property has a consensus rating of “Moderate Buy” and a consensus target price of GBX 233.20.

LondonMetric Property Stock Performance

LMP traded up GBX 1.30 on Monday, hitting GBX 180.40. 8,119,693 shares of the company traded hands, compared to its average volume of 38,632,809. LondonMetric Property has a 12-month low of GBX 167.10 and a 12-month high of GBX 216.20. The company has a 50 day moving average of GBX 200.74 and a 200-day moving average of GBX 192.25. The company has a quick ratio of 0.81, a current ratio of 0.38 and a debt-to-equity ratio of 60.64. The stock has a market capitalization of £4.21 billion, a PE ratio of 12.11, a PEG ratio of 3.27 and a beta of 1.00.

About LondonMetric Property

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.