Londonmetric Property PLC (LMP) Hits New 1-Year High at $183.70
Londonmetric Property PLC (LON:LMP) hit a new 52-week high during trading on Monday . The company traded as high as GBX 183.70 ($2.45) and last traded at GBX 181.20 ($2.42), with a volume of 5873019 shares traded. The stock had previously closed at GBX 180.10 ($2.40).
A number of research firms recently weighed in on LMP. Liberum Capital reaffirmed a “hold” rating and issued a GBX 170 ($2.27) target price on shares of Londonmetric Property in a research report on Tuesday, November 21st. Peel Hunt reissued an “add” rating and issued a GBX 180 ($2.40) price objective on shares of Londonmetric Property in a research report on Monday, October 2nd. Finally, Numis Securities Ltd reissued a “hold” rating and issued a GBX 163 ($2.17) price objective on shares of Londonmetric Property in a research report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 176.50 ($2.35).
In other Londonmetric Property news, insider Martin McGann sold 215,576 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of GBX 164 ($2.19), for a total transaction of £353,544.64 ($471,330.01). Insiders have acquired 272,870 shares of company stock valued at $45,328,656 in the last quarter.
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About Londonmetric Property
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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