LondonMetric Property (LON:LMP – Get Rating)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a note issued to investors on Monday, Marketbeat reports. They presently have a GBX 320 ($4.03) price target on the stock. Barclays‘s price objective would suggest a potential upside of 28.31% from the stock’s previous close.
Several other brokerages also recently commented on LMP. Morgan Stanley restated an “overweight” rating on shares of LondonMetric Property in a research report on Wednesday, May 11th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 305 ($3.84) price target on shares of LondonMetric Property in a report on Friday, May 13th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of LondonMetric Property in a research report on Monday, March 14th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 280 ($3.52) target price on shares of LondonMetric Property in a report on Thursday, May 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 287.88 ($3.62).
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LMP stock opened at GBX 249.40 ($3.14) on Monday. The company’s 50-day moving average price is GBX 264.29 and its two-hundred day moving average price is GBX 267.03. The firm has a market cap of £2.44 billion and a P/E ratio of 5.34. The company has a quick ratio of 1.64, a current ratio of 3.83 and a debt-to-equity ratio of 53.22. LondonMetric Property has a 12 month low of GBX 226.32 ($2.85) and a 12 month high of GBX 287.20 ($3.61).
About LondonMetric Property (Get Rating)
LondonMetric is a FTSE 250 REIT that owns one of the UK’s leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers’ demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.
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