LondonMetric Property Plc (LON:LMP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of LondonMetric Property Plc (LON:LMP) have received an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 227.20.

A number of research analysts recently issued reports on LMP shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 230 price objective on shares of LondonMetric Property in a research note on Wednesday, May 13th. Berenberg Bank cut their target price on LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating for the company in a research note on Wednesday, June 17th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of LondonMetric Property in a report on Tuesday, May 12th.

LondonMetric Property Price Performance

Shares of LON:LMP opened at GBX 190.80 on Thursday. The firm has a 50 day moving average of GBX 191.49 and a 200-day moving average of GBX 192.27. The stock has a market capitalization of £4.47 billion, a PE ratio of 14.68, a PEG ratio of 3.27 and a beta of 1.02. The company has a current ratio of 1.78, a quick ratio of 0.81 and a debt-to-equity ratio of 63.49. LondonMetric Property has a 12 month low of GBX 175.30 and a 12 month high of GBX 216.20.

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.