LondonMetric Property (LON:LMP – Get Rating) had its price objective reduced by equities research analysts at Barclays from GBX 280 ($3.38) to GBX 225 ($2.72) in a research report issued to clients and investors on Friday, Marketbeat reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 22.68% from the company’s previous close.
LMP has been the topic of a number of other reports. JPMorgan Chase & Co. increased their price objective on shares of LondonMetric Property from GBX 335 ($4.05) to GBX 340 ($4.11) and gave the stock an “overweight” rating in a research report on Monday, June 27th. Berenberg Bank lowered shares of LondonMetric Property to a “sell” rating and reduced their target price for the stock from GBX 280 ($3.38) to GBX 200 ($2.42) in a research report on Wednesday, August 31st. Finally, Shore Capital reaffirmed a “buy” rating on shares of LondonMetric Property in a research report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 277.17 ($3.35).
LondonMetric Property Stock Performance
LondonMetric Property stock opened at GBX 183.40 ($2.22) on Friday. The company has a debt-to-equity ratio of 39.93, a current ratio of 1.46 and a quick ratio of 0.98. LondonMetric Property has a 1-year low of GBX 183.25 ($2.21) and a 1-year high of GBX 287.20 ($3.47). The firm has a market capitalization of £1.80 billion and a P/E ratio of 236.03. The company’s 50-day moving average is GBX 229.08 and its 200 day moving average is GBX 245.95.
LondonMetric Property Company Profile
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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