Londonmetric Property’s (LMP) “Hold” Rating Reaffirmed at Jefferies Group
Londonmetric Property (LON:LMP)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group in a report issued on Thursday. They presently have a GBX 190 ($2.58) price target on the stock. Jefferies Group’s price objective would suggest a potential upside of 4.97% from the company’s current price.
LMP has been the subject of several other reports. Canaccord Genuity increased their price objective on Londonmetric Property from GBX 160 ($2.17) to GBX 175 ($2.37) and gave the stock a “hold” rating in a report on Friday, December 22nd. Numis Securities reiterated a “hold” rating and set a GBX 163 ($2.21) price objective on shares of Londonmetric Property in a report on Thursday, October 19th. Liberum Capital reiterated a “hold” rating and set a GBX 170 ($2.31) price objective on shares of Londonmetric Property in a report on Tuesday, November 21st. Peel Hunt increased their price objective on Londonmetric Property from GBX 180 ($2.44) to GBX 195 ($2.64) and gave the stock an “add” rating in a report on Wednesday, November 29th. Finally, JPMorgan Chase & Co. downgraded shares of Londonmetric Property to a “neutral” rating and set a GBX 200 ($2.71) target price on the stock. in a research report on Monday, January 15th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 180.63 ($2.45).
Shares of Londonmetric Property (LON:LMP) traded up GBX 1 ($0.01) during trading hours on Thursday, hitting GBX 181 ($2.45). The company had a trading volume of 948,911 shares, compared to its average volume of 1,070,000. Londonmetric Property has a twelve month low of GBX 145.50 ($1.97) and a twelve month high of GBX 189.10 ($2.56). The stock has a market capitalization of $1,260.00 and a price-to-earnings ratio of 754.17.
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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