LondonMetric Property (LON:LMP) Hits New 1-Year High – Should You Buy?

LondonMetric Property Plc (LON:LMP)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 214.40 and last traded at GBX 211.40, with a volume of 248915641 shares changing hands. The stock had previously closed at GBX 209.80.

Analyst Ratings Changes

LMP has been the topic of a number of recent analyst reports. Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a report on Thursday, December 4th. Peel Hunt reissued a “buy” rating and issued a GBX 240 target price on shares of LondonMetric Property in a research note on Tuesday, November 18th. Berenberg Bank boosted their price target on LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a report on Tuesday, January 27th. Finally, Jefferies Financial Group increased their price objective on LondonMetric Property from GBX 219 to GBX 224 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, LondonMetric Property has a consensus rating of “Buy” and an average target price of GBX 244.

LondonMetric Property Price Performance

The business has a fifty day simple moving average of GBX 195.25 and a two-hundred day simple moving average of GBX 189.88. The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 53.84. The stock has a market cap of £4.96 billion, a PE ratio of 14.26, a P/E/G ratio of 3.27 and a beta of 0.90.

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