LondonMetric Property (LON:LMP) Earns “Buy” Rating from Shore Capital

LondonMetric Property (LON:LMP)‘s stock had its “buy” rating reiterated by analysts at Shore Capital in a report issued on Wednesday,Digital Look reports.

Several other equities analysts have also weighed in on LMP. Peel Hunt reaffirmed a “buy” rating and issued a GBX 240 price objective on shares of LondonMetric Property in a research note on Tuesday. Jefferies Financial Group increased their price target on LondonMetric Property from GBX 219 to GBX 224 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, LondonMetric Property presently has an average rating of “Buy” and an average target price of GBX 231.33.

LondonMetric Property Price Performance

Shares of LMP traded down GBX 1.30 during mid-day trading on Wednesday, reaching GBX 188.80. 9,772,479 shares of the company’s stock were exchanged, compared to its average volume of 15,321,539. The company has a 50-day simple moving average of GBX 186.58 and a two-hundred day simple moving average of GBX 191.37. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 53.84. The company has a market cap of £4.40 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 3.27 and a beta of 0.90. LondonMetric Property has a 52-week low of GBX 167.10 and a 52-week high of GBX 207.

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.