Londonmetric Property (LMP) Given Add Rating at Peel Hunt
Several other equities research analysts also recently commented on LMP. Numis Securities reissued a hold rating and issued a GBX 172 ($2.31) target price on shares of Londonmetric Property in a report on Tuesday. Liberum Capital reissued a hold rating and issued a GBX 155 ($2.09) target price on shares of Londonmetric Property in a report on Monday, October 2nd. Jefferies Group reissued a hold rating and issued a GBX 190 ($2.56) target price on shares of Londonmetric Property in a report on Thursday, November 30th. Stifel Nicolaus reissued a buy rating and issued a GBX 177 ($2.38) target price on shares of Londonmetric Property in a report on Thursday, November 30th. Finally, J P Morgan Chase & Co reissued an overweight rating and issued a GBX 195 ($2.62) target price on shares of Londonmetric Property in a report on Thursday, November 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Londonmetric Property presently has a consensus rating of Hold and a consensus target price of GBX 181.43 ($2.44).
Londonmetric Property (LMP) traded down GBX 3.30 ($0.04) during midday trading on Tuesday, hitting GBX 176.60 ($2.38). The company had a trading volume of 362,153 shares, compared to its average volume of 1,500,000. Londonmetric Property has a one year low of GBX 138.80 ($1.87) and a one year high of GBX 183.70 ($2.47).
Londonmetric Property (LON:LMP) last released its quarterly earnings results on Wednesday, November 29th. The company reported GBX 4.20 ($0.06) earnings per share for the quarter, meeting the Thomson Reuters’ 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 company had revenue of GBX 4,063 million for the quarter.
The business also recently announced a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 7th will be issued a GBX 1.85 ($0.02) dividend. This represents a yield of 1.06%. The ex-dividend date of this dividend is Thursday, December 7th.
In other Londonmetric Property news, insider Martin McGann purchased 62,500 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was purchased at an average price of GBX 167 ($2.25) per share, for a total transaction of £104,375 ($140,477.79). Insiders bought 272,870 shares of company stock valued at $45,328,656 in the last 90 days.
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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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