Londonmetric Property PLC (LON:LMP)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 179.50 ($2.36) and last traded at GBX 178.60 ($2.35), with a volume of 1821485 shares trading hands. The stock had previously closed at GBX 178.60 ($2.35).

Several brokerages have recently weighed in on LMP. Liberum Capital reiterated a “hold” rating and issued a GBX 170 ($2.24) price target on shares of Londonmetric Property PLC in a research report on Tuesday. Peel Hunt reiterated an “add” rating and issued a GBX 180 ($2.37) price target on shares of Londonmetric Property PLC in a research report on Monday, October 2nd. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 163 ($2.14) price target on shares of Londonmetric Property PLC in a research report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Londonmetric Property PLC has a consensus rating of “Hold” and an average target price of GBX 176.50 ($2.32).

In other Londonmetric Property PLC news, insider Martin McGann bought 62,500 shares of Londonmetric Property PLC stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average cost of GBX 167 ($2.20) per share, for a total transaction of £104,375 ($137,281.34). Over the last 90 days, insiders have purchased 272,870 shares of company stock valued at $45,328,656.

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Londonmetric Property PLC 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.

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