LondonMetric Property (LON:LMP) Price Target Raised to GBX 282

LondonMetric Property (LON:LMP) had its price target increased by Berenberg Bank from GBX 269 to GBX 282 in a research note published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group boosted their price target on shares of LondonMetric Property from GBX 219 to GBX 224 and gave the company a “buy” rating in a report on Tuesday, October 28th. Shore Capital restated a “buy” rating on shares of LondonMetric Property in a report on Thursday, December 4th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 240 price target on shares of LondonMetric Property in a report on Tuesday, November 18th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 244.

LondonMetric Property Trading Up 0.5%

Shares of LON LMP opened at GBX 202.20 on Tuesday. LondonMetric Property has a twelve month low of GBX 167.10 and a twelve month high of GBX 207. The firm has a market cap of £4.72 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The business has a fifty day simple moving average of GBX 190.87 and a two-hundred day simple moving average of GBX 188.89. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 53.84.

LondonMetric Property (LON:LMP) last posted its quarterly earnings results on Thursday, November 20th. The company reported GBX 6.70 earnings per share (EPS) for the quarter. LondonMetric Property had a return on equity of 3.87% and a net margin of 66.69%. Analysts expect that LondonMetric Property will post 13.7260274 earnings per share for the current fiscal year.

LondonMetric Property Company Profile

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.