LondonMetric Property (LON:LMP) Hits New 12-Month High – Still a Buy?

LondonMetric Property Plc (LON:LMP)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 207 and last traded at GBX 206.60, with a volume of 8645847 shares changing hands. The stock had previously closed at GBX 204.20.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research note on Thursday, December 4th. Peel Hunt reiterated a “buy” rating and set a GBX 240 target price on shares of LondonMetric Property in a research report on Tuesday, November 18th. Jefferies Financial Group upped their target price on LondonMetric Property from GBX 219 to GBX 224 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Berenberg Bank lifted their price target on LondonMetric Property from GBX 269 to GBX 282 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 244.

LondonMetric Property Trading Up 2.3%

The business has a 50-day moving average of GBX 193.28 and a 200 day moving average of GBX 189.34. The stock has a market cap of £4.87 billion, a PE ratio of 14.01, a PEG ratio of 3.27 and a beta of 0.90. 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 (LON:LMP) last released its earnings results on Thursday, November 20th. The company reported GBX 6.70 earnings per share (EPS) for the quarter. LondonMetric Property had a net margin of 66.69% and a return on equity of 3.87%. Equities research analysts predict that LondonMetric Property Plc will post 13.7260274 EPS for the current fiscal year.

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.