Martin McGann Purchases 62,500 Shares of Londonmetric Property PLC (LMP) Stock
Londonmetric Property PLC (LON:LMP) insider Martin McGann acquired 62,500 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were purchased at an average price of GBX 167 ($2.22) per share, with a total value of £104,375 ($138,446.74).
Martin McGann also recently made the following trade(s):
- On Monday, September 25th, Martin McGann purchased 62,500 shares of Londonmetric Property PLC stock. The stock was purchased at an average cost of GBX 167 ($2.22) per share, with a total value of £104,375 ($138,446.74).
- On Tuesday, September 26th, Martin McGann purchased 55,106 shares of Londonmetric Property PLC stock. The stock was purchased at an average cost of GBX 166 ($2.20) per share, with a total value of £91,475.96 ($121,336.99).
- On Wednesday, September 27th, Martin McGann purchased 92,764 shares of Londonmetric Property PLC stock. The shares were purchased at an average price of GBX 165 ($2.19) per share, with a total value of £153,060.60 ($203,025.07).
Shares of Londonmetric Property PLC (LMP) opened at 166.10 on Tuesday. The company has a 50-day moving average of GBX 167.30 and a 200 day moving average of GBX 166.20. Londonmetric Property PLC has a 12-month low of GBX 138.30 and a 12-month high of GBX 175.20. The firm’s market cap is GBX 1.14 billion.
The firm also recently announced a dividend, which will be paid on Friday, October 6th. Investors of record on Thursday, August 31st will be given a dividend of GBX 1.85 ($0.02) per share. The ex-dividend date is Thursday, August 31st. This represents a yield of 1.1%.
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Several analysts have recently commented on the stock. Liberum Capital lifted their price target on shares of Londonmetric Property PLC from GBX 155 ($2.06) to GBX 170 ($2.25) and gave the company a “hold” rating in a research report on Tuesday, August 1st. Peel Hunt reiterated an “add” rating and issued a GBX 180 ($2.39) price objective on shares of Londonmetric Property PLC in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co increased their price objective on Londonmetric Property PLC from GBX 175 ($2.32) to GBX 195 ($2.59) and gave the stock an “overweight” rating in a research report on Tuesday, June 20th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Londonmetric Property PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 172.17 ($2.28).
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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