Londonmetric Property’s (LMP) “Hold” Rating Reaffirmed at Numis Securities
Londonmetric Property (LON:LMP)‘s stock had its “hold” rating reiterated by research analysts at Numis Securities in a report issued on Wednesday. They currently have a GBX 163 ($2.19) price objective on the stock. Numis Securities’ price target would suggest a potential downside of 7.18% from the stock’s current price.
Several other equities research analysts have also issued reports on LMP. Liberum Capital raised their target price on Londonmetric Property from GBX 155 ($2.09) to GBX 170 ($2.29) and gave the company a “hold” rating in a research report on Tuesday, August 1st. Peel Hunt reaffirmed an “add” rating and set a GBX 180 ($2.42) target price on shares of Londonmetric Property in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 179.43 ($2.41).
Shares of Londonmetric Property (LON:LMP) traded up GBX 0.70 ($0.01) during trading on Wednesday, hitting GBX 175.60 ($2.36). The stock had a trading volume of 1,095,077 shares, compared to its average volume of 1,510,000. Londonmetric Property has a 1 year low of GBX 138.30 ($1.86) and a 1 year high of GBX 183.70 ($2.47).
Londonmetric Property (LON:LMP) last announced its earnings results on Wednesday, November 29th. The company reported GBX 4.20 ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of GBX 4.20 ($0.06). Londonmetric Property had a return on equity of 15.33% and a net margin of 192.05%. The firm had revenue of GBX 4,063 million during the quarter.
In other news, insider Martin McGann acquired 55,106 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was bought at an average price of GBX 166 ($2.23) per share, with a total value of £91,475.96 ($123,117.04). In the last three months, insiders purchased 272,870 shares of company stock valued at $45,328,656.
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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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