LondonMetric Property Plc (LON:LMP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

LondonMetric Property Plc (LON:LMP) has earned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 233.20.

Several research analysts have issued reports on LMP shares. Berenberg Bank lifted their price target on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. The Goldman Sachs Group cut their price objective on LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating for the company in a research report on Monday. Finally, Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research note on Thursday, December 4th.

LondonMetric Property Price Performance

Shares of LON LMP traded up GBX 1.30 during midday trading on Monday, reaching GBX 180.40. The company’s stock had a trading volume of 8,119,693 shares, compared to its average volume of 38,632,809. LondonMetric Property has a one year low of GBX 167.10 and a one year high of GBX 216.20. The company has a market cap of £4.21 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 3.27 and a beta of 1.00. The company has a 50 day moving average price of GBX 200.74 and a 200 day moving average price of GBX 192.25. The company has a current ratio of 0.38, a quick ratio of 0.81 and a debt-to-equity ratio of 60.64.

About LondonMetric Property

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.