LondonMetric Property (LON:LMP) Hits New 12-Month Low – Here’s Why

LondonMetric Property Plc (LON:LMP) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 175.30 and last traded at GBX 175.40, with a volume of 43470852 shares. The stock had previously closed at GBX 178.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their target price on LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 227.20.

LondonMetric Property Trading Down 1.0%

The company has a current ratio of 1.78, a quick ratio of 0.81 and a debt-to-equity ratio of 63.49. The firm has a 50-day moving average price of GBX 190.67 and a 200-day moving average price of GBX 190.20. The company has a market capitalization of £4.13 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 3.27 and a beta of 1.01.

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.