LondonMetric Property (LON:LMP) Reaches New 12-Month Low – Time to Sell?

LondonMetric Property Plc (LON:LMP)’s share price hit a new 52-week low on Thursday. The company traded as low as GBX 172.90 and last traded at GBX 172.90, with a volume of 12077565 shares traded. The stock had previously closed at GBX 179.20.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their target price on shares of LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, LondonMetric Property presently has an average rating of “Moderate Buy” and an average price target of GBX 227.20.

LondonMetric Property Price Performance

The firm has a market capitalization of £4.00 billion, a PE ratio of 13.15, a PEG ratio of 3.27 and a beta of 1.01. The stock has a 50-day moving average price of GBX 187.93 and a 200 day moving average price of GBX 187.75. The company has a quick ratio of 0.81, a current ratio of 1.78 and a debt-to-equity ratio of 63.49.

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.