LondonMetric Property’s (LMP) Buy Rating Reaffirmed at Jefferies Financial Group

LondonMetric Property (LON:LMP)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 217 price target on the stock. Jefferies Financial Group’s price objective points to a potential upside of 21.09% from the company’s previous close.

Separately, Berenberg Bank cut 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 225.80.

LondonMetric Property Price Performance

LondonMetric Property stock opened at GBX 179.20 on Thursday. The company’s 50 day simple moving average is GBX 183.18 and its 200-day simple moving average is GBX 186.75. The company has a market capitalization of £4.37 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 3.27 and a beta of 1.01. LondonMetric Property has a 1 year low of GBX 170.20 and a 1 year high of GBX 216.20. 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 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.