LondonMetric Property Plc (LON:LMP) Receives GBX 227.20 Average PT from Brokerages

LondonMetric Property Plc (LON:LMP) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 227.20.

Several equities analysts have commented on LMP shares. Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research note on Tuesday, May 12th. The Goldman Sachs Group decreased their price objective on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating for the company in a report on Monday, March 30th. Berenberg Bank lowered their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 230 target price on shares of LondonMetric Property in a report on Wednesday, May 13th.

LondonMetric Property Trading Down 0.3%

LON:LMP opened at GBX 188.50 on Wednesday. LondonMetric Property has a 1 year low of GBX 175.30 and a 1 year high of GBX 216.20. The stock has a market cap of £4.40 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 3.27 and a beta of 1.02. The business has a fifty day moving average of GBX 186.31 and a 200-day moving average of GBX 192.81. The company has a debt-to-equity ratio of 63.49, a quick ratio of 0.81 and a current ratio of 1.78.

LondonMetric Property (LON:LMP) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 16.21 earnings per share for the quarter. The business had revenue of £464.60 million for the quarter. LondonMetric Property had a net margin of 63.65% and a return on equity of 6.29%. Equities analysts predict that LondonMetric Property will post 13.7260274 earnings per share for the current year.

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.