Berenberg Bank Issues Positive Forecast for LondonMetric Property (LON:LMP) Stock Price

LondonMetric Property (LON:LMP) had its target price hoisted by analysts at Berenberg Bank from GBX 269 to GBX 282 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 40.86% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a research note on Thursday, December 4th. Jefferies Financial Group boosted their price objective on LondonMetric Property from GBX 219 to GBX 224 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Peel Hunt restated a “buy” rating and set a GBX 240 price target on shares of LondonMetric Property in a report on Tuesday, November 18th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 244.

LondonMetric Property Trading Up 0.1%

LondonMetric Property stock traded up GBX 0.20 during midday trading on Tuesday, reaching GBX 200.20. The stock had a trading volume of 6,595,487 shares, compared to its average volume of 45,467,555. 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 fifty day moving average of GBX 190.10 and a 200 day moving average of GBX 188.66. LondonMetric Property has a 52-week low of GBX 167.10 and a 52-week high of GBX 207. The firm has a market cap of £4.67 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90.

LondonMetric Property (LON:LMP) last released its quarterly earnings data on Thursday, November 20th. The company reported GBX 6.70 EPS for the quarter. LondonMetric Property had a return on equity of 3.87% and a net margin of 66.69%. On average, analysts anticipate that LondonMetric Property will post 13.7260274 earnings per share for the current fiscal 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.